On June 16, the Nikkei 225 index briefly rose by 1% to 70,020.68 points, marking the first time it surpassed the 70,000-point threshold. It ultimately closed up 0.13% at 69,404.50 points, setting a new all-time closing high with a year-to-date increase of 37.87%. The Bank of Japan announced today that it will raise the policy interest rate by 25 basis points to 1%, the highest level in 31 years.
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