Japan raises interest rate to highest for 31 years

Live updates

1. 4h ago

   Bank of Japan Raises Interest Rate to 1%

   The Bank of Japan increased its policy interest rate from 0.75% to around 1% on Tuesday. This is the highest rate in 31 years. The move targets inflation and rising energy costs.

   What's confirmed:

   • The Bank of Japan raised its policy interest rate from 0.75% to 1%.
   • This is the highest interest rate level since 1995.
   • The rate hike occurred on Tuesday.
   • Policymakers cited inflation and energy costs as drivers for the decision.

   Still unconfirmed:

   • Further interest rate increases may follow.
   confidence 100%
2. 3d ago

   Japan interest rates reach highest level since 1995

   The Bank of Japan raised interest rates to a 31-year high to combat inflation. Prime Minister Sanae Takaichi wants inflation to decrease while maintaining low costs for government borrowing. Energy price spikes from Middle East conflict influenced the move.

   What's confirmed:

   • Japan raised interest rates to the highest level since 1995.
   • Japan imports approximately 90 percent of its crude oil from the Middle East.

   Still unconfirmed:

   • Inflation from the Iran conflict is mounting.
   confidence 90%
3. 4d ago

   Bank of Japan Raises Interest Rates to 31-Year High

   The Bank of Japan increased interest rates to their highest level in over three decades to fight inflation. This move follows energy price spikes driven by conflict in the Middle East. Japan relies on the region for approximately 90 percent of its crude oil supplies.

   What's confirmed:

   • The Bank of Japan raised interest rates to a 31-year high.
   • Japan sources around 90 percent of its crude oil from the Middle East.
   • The rate hike is a response to inflation caused by war-driven energy costs.

   Still unconfirmed:

   • The USD/JPY exchange rate is nearing 161.
   • Japan is signaling a readiness to intervene in the currency market.
   confidence 90%
4. 5d ago

   Japan raises interest rate to 31-year high amid inflation fears

   The Bank of Japan (BOJ) has increased its key interest rate to 1%, the highest level since 1995, marking a major shift in its long-standing ultra-low-rate policy. The move aims to combat persistent inflation pressures, including rising energy costs, despite easing tensions in the Middle East. Markets have reacted with relative stability, with yen volatility near a five-year low. Economists widely expect further rate hikes by year-end.

   What's confirmed:

   • The Bank of Japan raised its key interest rate to 1%, the highest level since 1995, citing inflation risks and rising energy costs.
   • This is the BOJ’s first rate hike since December, when it raised rates to 0.75%, also its highest level in over 30 years.
   • The move marks a significant departure from Japan’s near-zero interest rate policy maintained for over three decades.
   • Yen volatility remains at its lowest since 2021, suggesting market stability despite the rate increase.
   • The BOJ’s decision follows broader global central bank efforts to tighten monetary policy amid inflationary pressures.

   Still unconfirmed:

   • Economists predict another rate hike to 1.25% by December 2026, though this remains unconfirmed by official statements.
   • South Korea may respond with its own rate hikes ahead of global tightening, though no official action has been taken yet.
   confidence 98%