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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