#BOJRaisesRatesTo31YearHigh
BOJ raises rates to a 31-year high.
The Bank of Japan lifts its policy rate by 25 basis points to 1.25%.
The decision marks the highest level since 1995. The board approved the move by a 7-2 vote.
Officials cite broadening price pressures and the risk that inflation could overshoot the 2% target. Governor Kazuo Ueda signals the central bank has entered a more preemptive phase. Further hikes remain possible.
The increase follows similar tightening by the Federal Reserve and ECB.
Markets watch the impact on the yen and global funding conditions.
$AKE $ONE $G
BOJ raises rates to a 31-year high.
The Bank of Japan lifts its policy rate by 25 basis points to 1.25%.
The decision marks the highest level since 1995. The board approved the move by a 7-2 vote.
Officials cite broadening price pressures and the risk that inflation could overshoot the 2% target. Governor Kazuo Ueda signals the central bank has entered a more preemptive phase. Further hikes remain possible.
The increase follows similar tightening by the Federal Reserve and ECB.
Markets watch the impact on the yen and global funding conditions.
$AKE $ONE $G
