TOKYO, 18th September, 2026 (WAM) — The Bank of Japan raised interest rates to a 31-year high of 1.25 percent on Friday, seeking to forestall the risk of inflation overshooting its 2 percent target.
At a two-day monetary policy meeting that ended on Friday, the BOJ’s board voted 7-2 to raise its policy rate from 1 percent to 1.25 percent.
Source: Emirates News Agency