#BOJHikesRatesTo31YearHigh BOJ Hikes Rates to a 31-Year High

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The Bank of Japan (BOJ) has raised its policy interest rate from 1.00% to 1.25%, marking the highest level in 31 years. The decision was approved by a 7–2 vote and represents another step away from Japan’s long period of ultra-low interest rates. �

Reuters +1

The rate increase comes as Japan continues to face inflationary pressure, including higher energy and consumer costs. The BOJ has indicated that future policy decisions will depend on economic and price developments.

For global markets, the move is important because changes in Japanese interest rates can affect the yen, bond markets, equities, and global liquidity. The yen initially weakened after the announcement as investors focused on the BOJ’s cautious guidance. �

Reuters

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