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The Bank of Japan has raised its benchmark interest rate from 1% to 1.25%, the highest level in 31 years, in response to rising inflation and wages. This marks the first increase since June and reflects ongoing pressures from global economic conditions and demographic changes in Japan.
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The Bank of Japan has raised its benchmark interest rate from 1% to 1.25%, the highest level in 31 years, in response to rising inflation and wages. This marks the first increase since June and reflects ongoing pressures from global economic conditions and demographic changes in Japan.
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Bank of Japan raises rates to 31-year high of 1.25% as inflation rises
Bank of Japan Raises Interest Rate to 1.25%, Highest in 31 Years