Bank of Japan reportedly raises policy rate to 1.25%, a 31-year high
A post citing CNBC and Bloomberg says the bank cited persistent inflation for its September 18 hike, yet the dollar still climbed above 158 yen.
TLDR
A post citing CNBC and Bloomberg says the Bank of Japan raised its policy rate to 1.25% on September 18, 2026, citing persistent inflation. It describes the level as a 31-year high and the tightening pace as the fastest since 1990. The post says the dollar climbed above 158 yen before reportedly pulling back near 157.
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