BOJ lifts policy rate to 1.25%, highest since 31 years
The Bank of Japan raised its policy rate to 1.25% in a widely expected move, ending a two-day meeting with a 7-2 vote.
25% on Friday in a widely expected move aimed at preventing inflation from overshooting its 2% target. At the end of its two-day policy meeting on Friday, the board voted 7-2 to lift the policy rate from 1%.