
Bank of Japan Raises Policy Rate to 1%, Highest in Over 30 Years
The Bank of Japan raised its policy rate to 1%, the highest in over 30 years, to combat creeping inflation and a weak yen. This marks the first rate hike since December and the first time rates have reached 1% since 1995. The decision, supported by a 7-1 vote, signals a focus on inflation concerns over growth.









