BOJ Raises Interest Rates to 31 Year High
The Bank of Japan raised its policy rate to a 31 year high of 1.25 percent. Governor Kazuo Ueda signaled a shift toward combating inflation risks. The yen weakened despite the hawkish move due to policy dissent.
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The Bank of Japan raised its policy rate by 25 basis points to 1.25% on Friday, reaching a 31-year high. The move reflects a shift toward guarding against inflation overshooting the 2% target.
