Bank of Japan raises interest rates to 31-year high (opens original article in a new tab)

The Bank of Japan raised interest rates to a 31-year high of 1.0% in a widely expected move to address inflation risks from the Middle East conflict.

• Bank of Japan raised short-term policy rate to 1.0% from 0.75%
• This is the first rate increase since December and the highest level since 1995
• The decision was made by a 7-1 vote during a two-day meeting