international
Japan’s central bank raises interest rates to highest level since 1995
Key takeaways
- Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.
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- The Bank of Japan (BOJ) on Tuesday voted 7-1 to hike its benchmark rate to 1 percent, a milestone in the country’s shift away from decades of rock-bottom borrowing costs.
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Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo. The headquarters of the Bank of Japan is seen in Tokyo [File: Shuji Kajiyama/AP]By John Power Published On 16 Jun 202616 Jun 2026Japan’s central bank has raised interest rates to a three-decade high, citing price pressures stemming from the United States-Israel war on Iran.
The Bank of Japan (BOJ) on Tuesday voted 7-1 to hike its benchmark rate to 1 percent, a milestone in the country’s shift away from decades of rock-bottom borrowing costs.
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Bank of Japan raises rates to 1% for first time since 1995
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Japan raises interest rate to highest since 1995
CNBC
Bank of Japan hikes rates to highest since 1995 as yen languishes at historic lows
The Guardian
Bank of Japan raises interest rates to 31-year high amid Iran war inflation pressures
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