This is the BOJ's first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.

The Bank of Japan is expected to raise rates to 1% at its June meeting, the highest since 1995. Here's what it means for crypto and global markets.

Bank of Japan is expected to raise rates to 1% as inflation, weak yen and energy costs push the central bank towards tighter monetary policy.