BOJ raises interest rates to 31-year high in widely expected move
BOJ raises interest rates to 31-year high in widely expected move
Fri, September 18, 2026 at 3:01 AM UTC
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TOKYO, Sept 18 (Reuters) - The Bank of Japan raised interest rates to a 31-year high of 1.25% on Friday in a widely expected move to forestall risks of inflation overshooting its 2% inflation target.
At a two-day policy meeting that ended on Friday, the board decided by a 7-2 vote to raise its policy rate from 1%. Board member Toichiro Asada and Ayano Sato dissented to the decision.
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BOJ Governor Kazuo Ueda is expected to hold a news conference at 3:30 p.m. (0630 GMT) to explain the decision.
(Reporting by Leika Kihara, Makiko Yamazaki, Satoshi Sugiyama and Hina SuzukiEditing by Chang-Ran Kim)
Source: “AOL Money”
