Bank of Japan raises interest rates to 31-year high … of 1% (opens original article in a new tab)

The Bank of Japan raised interest rates to a 31-year high of 1% as it addresses inflationary pressures from the Iran war, despite falling core inflation and a potential peace deal.

• Bank of Japan raises interest rates to 1%
• Inflation pressures linked to Iran war
• Japan's core inflation fell to 1.4% in April