Bank of Japan Raises Policy Rate to 1.0%, Highest in 31 Years

The Bank of Japan raised its policy interest rate from 0.75% to 1.0% on local time 16th, marking the highest level in 31 years. The decision was announced following a monetary policy meeting.

Frequently Asked Questions

What did the Bank of Japan decide on local time 16th?

The Bank of Japan decided to raise its policy interest rate from 0.75% to 1.0% during a monetary policy meeting held on local time 16th.

How significant is the 1.0% policy rate?

The 1.0% policy rate represents the highest level in 31 years for the Bank of Japan.

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