Bank of Japan Raises Interest Rates to 31-Year High
The Bank of Japan has raised its policy rate to 1%, the highest level in 31 years, and announced it will stop reducing bond purchases. This move aims to curb inflation, though the yen continues to weaken.
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Bank of Japan lifts policy rate to 31-yr high - The Daily Star
Bank of Japan lifts policy rate to 31-yr high The Daily Star
Read full article →Bank Of Japan Raises Rates To 1% For The First Time In 31 Years, Will Stop Reducing Bond Purchases
Bank Of Japan Raises Rates To 1% For The First Time In 31 Years, Will Stop Reducing Bond Purchases As widely expected, the BoJ raised the policy rate by 25bp to "around 1%" (there was one dissent from newly appointed dovish board member Asada for a hold) taking the cost of borrowing to its highest level in 31 years as the country adjusts to sustained inflation. The 0.25% increase, which was widely expected, takes Japan to what analysts said was a critical milestone in the centra...
By Tyler Durden
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