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BoJ tightens policy to 31-year high as yen weakens

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Source: Financial Times
BoJ tightens policy to 31-year high as yen weakens
Photo: Financial Times
TL;DR

The Bank of Japan raised its policy rate by 0.25 percentage point to 1.25%, its highest level since 1995, signaling a move toward policy normalization amid inflation risks. The move was broadly anticipated by markets and did not prevent the yen from weakening, trading around ¥157 per dollar, as global central banks also tightened policy to combat inflation.

Topics:top-newseconomy#bank-of-japan#central-banks#economy#inflation#japanese-economy#yen
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  1. Bank of Japan raises rates to 1.25%  Financial Times
  2. Bank of Japan raises interest rates to 31-year high, flags concerns over inflation  CNBC
  3. BOJ decision live: Japan's policy interest rate set to rise to 31-year high  Reuters
  4. Japan raises interest rate to new 31-year high to curb rising prices  BBC
  5. Japan’s Central Bank Picks Up Pace of Tightening With Rate Hike  WSJ

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