The Bank of Japan decided at its monetary policy meeting on the 18th to raise the policy rate from its current level of around 1.0% to around 1.25%. At 1.25%, the rate will be at its highest level since 1995, or approximately 31 years.
The Bank of Japan decided at its monetary policy meeting on the 18th to raise the policy rate from its current level of around 1.0% to around 1.25%.
A policy rate of 1.25% would be the highest level in approximately 31 years, since 1995.
The decision was made at the meeting, and the pace was reportedly accelerated.