The Bank of Japan kept its benchmark interest rate steady at 0.25%, citing the need to evaluate the impact of financial and foreign exchange markets on the country’s economic activity and prices. The decision surprised economists who had anticipated a 25 basis point hike, leading to a 0.3% weakening of the yen against the dollar and a 0.74% decline in the Nikkei 225 stock index. The central bank noted a split 8-1 decision, with board member Naoki Tamura advocating for a rate increase, while emphasizing the high uncertainties surrounding Japan’s economic conditions and prices.
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One dead, dozens injured in steel plant explosion in Pennsylvania | Environment News
An explosion at the largest coking facility in North America, a steel plant near Pittsburgh, has resulted in one death and numerous injuries, with emergency services conducting rescue operations. The Allegheny County Health Department is monitoring air quality and has advised nearby residents to stay indoors due to potential pollution concerns linked to the plant, which has a history of environmental issues. Want More Context? 🔎
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