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Economics1h 58m ago

Japan's central bank has reportedly lifted its central benchmark rate to a new 31-year-high, to 1% from 0.75%.

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Japan

Who
Japan's central bank, Sanae Takaichi, Kazuo Ueda, Jesper Koll
What
Japan's central bank has reportedly lifted its central benchmark rate to a new 31-year-high, to 1% from 0.75%.
When
Tue, 16 Jun 2026 06:59:00 GMT · 1h 58m ago
Where
Japan ·
Why
This decision follows a soar in global energy prices and aims to strengthen the yen, which has been under downward pressure.
The Frontline Impact

How this affects you

This move marks a significant shift in Japan's monetary policy, moving away from two decades of near-zero rates and potentially increasing expenses for the government and businesses as the country navigates an inflationary upcycle.

Story chain

17 events in this thread
  1. Currently Reading1h 58m ago
    Japan's central bank has reportedly lifted its central benchmark rate to a new 31-year-high, to 1% from 0.75%.
  2. Economics1h 58m ago
    Japan’s central bank has reportedly lifted its central benchmark rate to a new 31-year-high, increasing its policy rate to 1% from 0.75%.
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  3. Economics2h 27m ago
    The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, a quarter of a percentage point from 0.75%.
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    The Bank of Japan has increased its policy rate to 1.0 percent, marking a 31-year high for interest rates.
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    The Bank of Japan raised interest rates to a 31-year high on Tuesday.
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