Japan raises interest rate to highest since 1995
The Bank of Japan has been raising rates from near-zero since 2024.
Coverage by Political Leaning
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Notable Quotes
"After twenty years of deflation, Japan is now in an inflationary upcycle."
— Jesper Koll , Academic
"Even if the situation remains unclear, should it be judged that upside risks to prices outweigh downside risks to economic activity, it will be necessary to thoroughly discuss the pros and cons of raising the policy interest rate."
— Kazuo Ueda , Executive
"I feel sad about his absence, but it did not affect our ability to set policy."
— Shinichi Uchida , Executive
"Governor Ueda previously suggested consumer price growth could exceed 3% during the current fiscal year."
— Kazuo Ueda , Executive
"At some point, the BOJ may be forced to make a difficult choice between supporting domestic demand and preventing further yen depreciation."
— Shigeto Nagai , Academic
"Judging from recent data and surveys, there is a high chance the mechanism in which wages and inflation rise moderately in tandem will be sustained."
— Bank of Japan , Executive
"Given that real interest rates are at significantly low levels, the BOJ will continue to raise interest rates if its economic and price forecasts materialise."
— Bank of Japan , Executive
"la demanda interna de Japón sigue estando bien respaldada gracias a las medidas gubernamentales, incluidos los subsidios para la gasolina y la compra de energía."
— Ryutaro Kono , Academic
Key People
The central bank responsible for Japan's monetary policy.
Jesper Koll is a Japan economist who provides insights on the country's monetary policy.
Kazuo Ueda is the governor of the Bank of Japan.
Ryutaro Kono is the Chief Economist at BNP Paribas.
Prime Minister of Japan re-elected by Parliament.
Shigeto Nagai is the head of Japan economics at Oxford Economics.
Shinichi Uchida is the Deputy Governor of the Bank of Japan.
Taro Kimura is an economist at Bloomberg Economics.
Toichiro Asada is a policy board member of the Bank of Japan.
Ulrike Schaede is a business professor at the University of California San Diego.
Tags
All Coverage
The Bank of Japan has been raising rates from near-zero since 2024.
The Bank of Japan increased its benchmark interest rate to 1%, the highest in 30 years, due to inflationary pressures and a weakening yen.
The Bank of Japan raised its short-term policy rate to 1.0%, marking the first increase since December and the highest level since 1995.
The Bank of Japan lifted rates to 0.75%, ending the zero-interest era and signaling readiness for further increases amid rising inflation.
The Bank of Japan raised rates by 25 basis points to 0.75%, the highest level since 1995, marking a shift from ultra-loose monetary policy.
The Bank of Japan is set to raise its key rate by 25 basis points to 1%, the highest since 1995, amid inflation and a weak yen.
The Bank of Japan raised its benchmark interest rate by 0.25 percentage point to 1%, the highest since 1995, marking a 31-year high.
The Bank of Japan is expected to raise interest rates to 1% in its June meeting, amid high inflation and a weak yen.
The Bank of Japan raised its short-term policy rate by 25 basis points to 1%, the highest level since 1995, amid inflationary pressures.
The Bank of Japan raised its benchmark rate to 1%, the highest since 1995, signaling further policy normalization despite Governor Ueda's absence.
The Bank of Japan is expected to raise its benchmark interest rate to 1%, the highest since 1995, amid inflation concerns and Governor Ueda's absence.
The Bank of Japan lifted rates to 0.75%, ending the zero-interest era and paving the way for further increases amid rising inflation.
The Bank of Japan is set to raise its key rate by 25 basis points to 1% at the June 15-16 meeting, the highest since 1995.
The Bank of Japan is expected to raise its benchmark interest rate to 1%, the highest since 1995, amid inflation concerns and Governor Ueda's absence.
El Banco de Japón anunció una subida de su tipo de interés al nivel más alto desde 1995 en su lucha contra la inflación provocada por la guerra en Oriente Medio.
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