Reported by New York Times — Business •
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Bank of Japan Raises Interest Rates to Highest Level in 31 Years

The Bank of Japan has raised interest rates to their highest level in 31 years, as indicated by Governor Kazuo Ueda. He noted that underlying inflation is approaching the central bank's target of 2 percent after months of steady signals.

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Kazuo Ueda

Our neutral summary

The Bank of Japan has raised interest rates to their highest level in 31 years, as indicated by Governor Kazuo Ueda. He noted that underlying inflation is approaching the central bank's target of 2 percent after months of steady signals.

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Original Headline

Japan Raises Interest Rates to 31-Year High Under U.S. Pressure

Neutral Headline

Bank of Japan Raises Interest Rates to Highest Level in 31 Years