TOKYO, 16th June, 2026 (WAM) — The Bank of Japan (BOJ) raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the conflict in the Middle East and the weakness of the yen.
The BOJ decided to raise its short-term policy rate to 1 percent from 0.75 percent, the first rate hike since December 2025.
Source: Emirates News Agency