#bojraisesratesto31yearhigh Japan’s BOJ Pushes Rates to Their Highest Level in 31
Years
The Bank of Japan (
BOJ) lifted its policy rate to 1.25%, marking its second hike this year
.
The increase takes Japanese borrowing costs
to
their highest level in three decades.
Seven board members agreed with the increase in the interest rate, but two voted against the proposal.
The BOJ cited inflation risks due to the rise of prices towards the target of 2%. Other reasons included rising crude oil prices, demand for AI, and weaker Yen.$BB $TAO $ARPA
Years
The Bank of Japan (
BOJ) lifted its policy rate to 1.25%, marking its second hike this year
.
The increase takes Japanese borrowing costs
to
their highest level in three decades.
Seven board members agreed with the increase in the interest rate, but two voted against the proposal.
The BOJ cited inflation risks due to the rise of prices towards the target of 2%. Other reasons included rising crude oil prices, demand for AI, and weaker Yen.$BB $TAO $ARPA
