BOJ Hikes Policy to 1.25% as Yen Falls and Nikkei Rises
TL;DR Summary
Japan's central bank lifted its policy rate to 1.25%, the highest since 1995, prompting a weaker yen and a slide in the 10-year JGB yield even as the Nikkei 225 climbed about 1.5%; the move came with a split 7-2 vote and without updated forecasts, fueling debate over how high rates will eventually go, with a December hike still seen as possible.
- Why Japanese stocks rose as government bond yields and the yen fell after rate hike CNBC
- BOJ live: Japan's central bank raises policy rate to 31-year high Reuters
- Japan raises interest rate to new 31-year high to curb rising prices BBC
- BOJ Hikes Rates at Fastest Pace Since 1990 as Inflation Persists Bloomberg.com
- Japan Raises Interest Rates in a Decision Muddied by U.S. Pressure The New York Times
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