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Japan Raises Rates to 31-Year High to Ward Off War Inflation

Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from energy disruptions.

© Jiji Press/Agence France-Presse — Getty Images

Prime Minister Sanae Takaichi of Japan in Tokyo last month. Her government spending agenda faces pressure from rising interest rates.
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Potential End of War Tests Trump’s Promise of Quick Economic Rebound

Gas prices and other goods could remain elevated for months, adding to the political challenge facing the White House in the midterm elections.

© Eric Lee for The New York Times

The United States and Iran have signed a framework agreement for ending the war, but neither side has published the full text and its details remain unknown.
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