BOJ raises interest rates to 31-year high in widely expected move

Japan raises rates to 31-year high to ward off war inflation

The Bank of Japan joined other major global central banks in raising interest rates to head off an expected spike in inflation fueled by higher energy costs from the war in the Middle East.

Bank of Japan raises interest rates to a 31-year high as inflation and a weak yen pile on pressure

The BOJ lifted its policy rate to 1% on Tuesday, the first time it has reached that level since 1995, in a 7-1 board vote

Japan's central bank hikes policy rate to 31-year high of 1.0%

The Bank of Japan (BOJ) decided Tuesday at its two-day monetary policy meeting to raise its benchmark interest rate to 1.0% from 0.75%, the highest in 31 years.

Bank of Japan hikes rates to highest level in over 30 years

The Bank of Japan raised rates to their highest level in more than 30 years, one of a string of major central banks tightening monetary policy in part because the Iran war is fueling inflation risks worldwide. The decision comes ahead of Federal Reserve and Bank of England meetings this week, and follows the European Central Bank’s decision to increase borrowing costs. Japan’s benchmark stock index hit a record after the announcement. Yet new re…