The Bank of Japan is expected to raise its benchmark interest rate by 25 basis points to 0.5%, its highest level since 2008, as indicated by a survey of economists who cited a change in tone from BOJ leadership. Governor Kazuo Ueda and Deputy Governor Ryozo Himino have hinted at a rate hike based on positive economic indicators and a reduced risk from Donald Trump’s presidency, with economists also noting the yen’s weakness as a factor supporting a rate increase. The Japanese currency has strengthened in anticipation of the upcoming meeting, with an 88% probability of a rate hike according to LSEG data.
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Connecticut to award nearly $6 million to family of disabled man wrongfully imprisoned for murder conviction
Connecticut will pay nearly $5.9 million to the family of Richard Lapointe, a disabled man wrongly imprisoned for over two decades before being freed in 2015. Lapointe, with Dandy-Walker syndrome, was convicted in 1992 of murder and rape but his conviction was overturned due to a coerced confession and withheld evidence. The settlement recognizes the state's error, though Lapointe tragically passed away in 2020 without seeing his final vindication. Full Article
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