The Bank of Japan has increased its policy rate to 1.0 percent. This marks a 31-year high for interest rates. The move signals a strong focus on combating inflation. This is the first rate hike since December. The central bank's decision aims to address inflation risks stemming from the Middle East conflict. Deputy Governor Shinichi Uchida will provide further details.

Tokyo, June 15 (Jiji Press)--The Bank of Japan began a two-day policy-setting meeting on Monday, where it is widely expected to raise its policy interest rate from 0.75 pct to 1…

TOKYO, June 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on…

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.