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Bank of Japan Raises Policy Rate by 25 Bps to 1.0%
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
The Bank of Japan (BOJ) raised its key policy rate by 25 basis points to 1.0% on June 16, marking Japan’s highest interest rate since 1995. The decision, approved by a 7–1 vote, takes effect on June 17. The BOJ cited rising inflation risks, particularly from higher oil prices that could push companies to pass on costs to consumers, driving inflation above its 2% target. The move signals confidence in Japan’s economic recovery and a shift away from ultra-loose monetary policy. Investors will now watch inflation, wages, and future BOJ rate decisions closely.
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