Bank of Japan raises interest rate to 1%, reaching a 31-year high amid inflation and yen challenges while Nikkei 225 tops 70,000.

Bank of Japan raises interest rate to 1%, reaching a 31-year high amid inflation and yen challenges while Nikkei 225 tops 70,000.

The Bank of Japan raised its policy rate to 1%, the highest level since 1995, citing faster pass-through from crude oil prices. The move signalled concern that oil-led cost pressures could push inflation above target while keeping focus on gradual further hikes.

TOKYO: The Bank of Japan hiked interest rates to a 31-year high on Tuesday (Jun 16) as it battles inflation caused by the Middle East war, even after Washington and Tehran agreed on a peace deal.The

TOKYO: The Bank of Japan hiked interest rates to a 31-year high on Tuesday (Jun 16), as it battles inflation caused by the Middle East war, even after Washington and Tehran agreed on a peace deal.The

The Bank of Japan has been raising rates from near-zero since 2024.

TOKYO, June 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused by the Iran war.The decision would mark a more aggressive approach by the BOJ in dis

TOKYO, June 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused by the Iran war.The hike would be the first since December and align the BOJ with ot

TOKYO, June 16 : The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.The hike was the first since December and aligns the BOJ with other central b

TOKYO, June 16 : The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.The hike was the first since December and aligns the BOJ with other central b

TOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war.The decision would align the BOJ with other

(Corrects wording in bullet 5, paragraph 18 to say that the BOJ is considering pausing tapering, not maintaining the current pace of bond purchases)By Leika KiharaTOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up b