Bank of Japan raises policy rate by 25 basis points to 1.25%, its highest level in 31 years, signaling continued monetary tightening.
Macro & Markets ·
The Bank of Japan raised its policy rate by 25 basis points to 1.25%, the highest level since 1995, citing elevated inflation. This rate increase marked the shortest interval between hikes in Japan since 1990, following a previous increase in June. The move reflects continued monetary tightening as central banks globally advance their rate hike cycles.