Bank of Japan Hikes Policy Interest Rate to 1.25% from 1% in 7 to 2 Vote, Repeats It Will Continue to Raise Rate as Part of Normalization

BOJ Points to Upside Risks to its Inflation Outlook, Notes Financial Conditions Expected to Remain Supportive to Economic Activity(MaceNews) — The Bank of Japan’s nine-member board on Friday decided to raise the target for the overnight interest rate to 1.25% from 1% in a 7 to 2 vote, warning tha…