Bank of Japan reportedly lifts rates to 1.25%, a 31-year high

A September 19 post says the Bank of Japan raised rates from 1% to 1.25%, the highest level in 31 years. Commentary points to competing pressures on the yen carry trade—borrowing cheap yen to invest in higher-yielding assets. A September 18 post argues that yen weakness boosts that trade and helps Japanese exporters, while the September 19 post says higher Japanese rates can pressure it, with potential effects on bonds, stocks and crypto.