00:00The Bank of Japan has raised interest rates to their highest level since 1995.
00:05That says Japan struggles with inflation brought on by war in the Middle East,
00:09even though the U.S. and Iran say they have reached a peace agreement.
00:12The move was expected following rate hikes in Europe and Indonesia last week.
00:16The bank says it will proceed consciously while keeping an eye on how the situation in the Middle East affects
00:21the country's economy.
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