The Bank of Japan plans to increase interest rates to 1%, the highest in 31 years, aligning with global central banks' efforts to tackle inflation.
The decision comes amid rising price pressures
Jun 16, 2026
11:35 am
What's the storyThe Bank of Japan has raised its policy rate to 1%, the highest in 31 years.
This is the first hike since December and brings the central bank in line with other global institutions, like the European Central Bank, that are tightening their policies to combat inflation.
BOJ raises interest rates to 31-year high in widely expected move
Bank of Japan set to raise interest rates to 31-year high amid inflation risks
Bank of Japan hikes rate to 31-year high, citing inflation
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Bank of Japan raises its key interest rate to a three-decade high of 1%, citing inflation
Bank of Japan hikes rate to 31-year high
Bank of Japan raises interest rates to 31-year high
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