Bank of Japan raises benchmark rate to 1.25%
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.
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Bank of Japan raises benchmark rate to highest since 1995
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.