Bank of Japan holds rates at 1%; Bitcoin steady near $64,000

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The Bank of Japan kept its benchmark interest rate unchanged at 1% during its latest policy meeting. Governor Kazuo Ueda's hawkish remarks had limited market impact, as investors had already anticipated the decision following an earlier rate hike in October. The unchanged rate keeps the yen carry trade intact, where investors borrow cheaply in yen to fund higher-yielding assets. Bitcoin remained stable near $64,000 in the wake of the announcement, reflecting muted reaction across risk assets.

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