Stock Market Today: Bond Yields Rise After Japan Hikes Rates; Nasdaq Futures Inch Up

Core Viewpoint - The Bank of Japan has raised interest rates to a 30-year high, leading to a weakening of the yen against other currencies [1] Group 1: Interest Rate Changes - The Bank of Japan increased its benchmark interest rate to 1.0%, the highest level since 1993, marking a significant shift in monetary policy [1] - This decision is part of the central bank's efforts to combat inflation and stabilize the economy [1] Group 2: Currency Impact - Following the interest rate hike, the yen weakened against the US dollar, with the exchange rate reaching approximately 150 yen per dollar [1] - The depreciation of the yen is expected to impact import costs and consumer prices in Japan [1] Group 3: Economic Implications - The interest rate increase may lead to higher borrowing costs for businesses and consumers, potentially slowing down economic growth [1] - Analysts suggest that the move could attract foreign investment, as higher interest rates may offer better returns [1]