The Bank of Japan raised interest rates by 25 basis points, lifting its target rate from 1.00% to 1.25%. This marks the highest policy rate in 31 years and aligns with market expectations.
The tightening cycle continues as the central bank adjusts monetary policy amid evolving economic conditions. The decision brings borrowing costs to levels not seen since the early 1990s.
Bank of Japan Hikes Rates to 31-Year High of 1.25%
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