Bank of Japan reportedly raises rate to 1.25%, highest since 1995
The central bank cited inflation risks from energy prices and a weak yen for its September 18 increase of 0.25 percentage points. The yen fell toward 157 per U.S. dollar despite the move.
TLDR
The Bank of Japan reportedly raised its policy rate by 0.25 percentage points to 1.25% on September 18, its highest level since 1995. The bank cited inflation risks from energy prices and a weak yen. Governor Kazuo Ueda signaled openness to further hikes, while the yen weakened toward 157 per U.S. dollar despite the increase.
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