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Economics3h 26m ago

The Bank of Japan is set to raise interest rates to a 31-year high next week to 1% from 0.75%.

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Tokyo

Who
Bank of Japan, Governor Kazuo Ueda, Deputy Governor Shinichi Uchida, Saisuke Sakai, Nobuyasu Atago, European Central Bank
What
The Bank of Japan is set to raise interest rates to a 31-year high next week to 1% from 0.75%.
When
Fri, 12 Jun 2026 00:09:50 GMT · 3h 26m ago
Where
Tokyo ·
Why
The Bank of Japan is focusing on countering inflation risks stemming from the Middle East war.
The Frontline Impact

How this affects you

The Bank of Japan's rate hike aligns it with other central banks tightening monetary policy, and this move aims to combat inflation risks driven by the Middle East war, energy shock, rising import costs, and a tight labor market.

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