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TOKYO (dpa-AFX) - The Bank of Japan lifted its benchmark rate by a quarter point to a 31-year high, as widely expected, on Friday.The policy board, governed by Ueda Kazu, decided by a 7-2 majority vote to raise the interest rate to 1.25 percent from 1.00 percent.The current rate is the highest sinc…
The Bank of Japan raised its benchmark interest rate to 1.25% from 1.0%, accelerating tightening to counter persistent inflation and ease the impact of a weak yen.
BoJ lifted its benchmark rate to 1.25% from its prior level, describing it as the fastest increase in the current tightening cycle to counter persistent inflation and ease weak-yen impacts.