Bank of Japan raises interest rate to 1.25%
The Bank of Japan increased the main interest rate from 1% to 1.25%. This is the highest level since 1995. The move is part of a shift away from ultra-low borrowing costs amid economic pressures.
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A chronological collection of reports about Bank of Japan, with their sources shown for comparison.
The Bank of Japan increased the main interest rate from 1% to 1.25%. This is the highest level since 1995. The move is part of a shift away from ultra-low borrowing costs amid economic pressures.
Japan's core consumer price index rose 1.7% in August. The Bank of Japan is expected to raise interest rates to 1.25%.
Japan's benchmark government bond yield reached a 30-year high. The rise is driven by market expectations of an early interest rate hike by the Bank of Japan.