Bank of Japan hikes interest rates by 25 bps to 1%, highest level in 31-years (opens original article in a new tab)

Bank of Japan hikes interest rates by 25 bps to 1%, highest level in 31-years

• Bank of Japan raised short-term policy rate to 1.0% from 0.75%
• This is the first rate increase since December
• Policy rate now at 31-year high since 1995