The Bank of Japan raised its policy interest rate to around 1.25% at its monetary policy meeting, the highest level in 31 years since 1995. The pace of rate hikes has accelerated from the previous once-every-six-month schedule.
The Bank of Japan held its monetary policy meeting through the 18th and decided to raise the policy interest rate from the current level of around 1% to around 1.25%.
The new level is the highest in 31 years, since 1995, and the pace of rate hikes is faster than it has been since June 2026.
Market attention is focused on how BOJ Governor Ueda will proceed with future rate hikes.