Bank of Japan Governor Ueda (植田) holds a press conference after the monetary policy meeting at the Bank of Japan head office on the afternoon of the 18th — Bank of Japan raises rates to 1.25%, highest level in 31 years and a drag on the economy — Photo/Image (2/2)

The story

Following the monetary policy meeting, Bank of Japan Governor Ueda (植田) held a press conference, where a new announcement was made regarding interest-rate policy.

The rate increase brought the policy rate to 1.25%, its highest level in more than 30 years.

At a glance

TimingAfternoon of the 18th, press conference at the Bank of Japan head office

EventThe Bank of Japan decided to raise interest rates, lifting the rate to 1.25%

LevelHighest level in 31 years

FeaturesThe view was expressed that this would weigh on the economy

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What it links to

The Limits of BOJ Monetary Policy and Reliance on Government Economic MeasuresStrongly related1 companies

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