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Economics3h 26m ago
The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs.
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TOKYO, Japan
Who
Bank of Japan, Governor Kazuo Ueda, Deputy Governor Shinichi Uchida, Saisuke Sakai, Nobuyasu Atago
What
The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs.
When
Fri, 12 Jun 2026 00:09:50 GMT · 3h 26m ago
Where
TOKYO, Japan ·
Why
The Bank of Japan is focused on countering inflation risks stemming from the Middle East war.
The Frontline Impact
How this affects you
This rate hike by the Bank of Japan, aligning with other central banks, signifies a pivot towards tighter monetary policy to combat mounting inflation observed in Japan's wholesale prices, which rose 6.3% in May, and potentially impacting the weakening yen.
Story chain
3 events in this thread- Economics3h 26m agoThe Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs.Open article
- Currently Reading3h 26m agoThe Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs.
- Economics3h 26m agoThe Bank of Japan is set to raise interest rates to a 31-year high next week to 1% from 0.75%.Open article