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Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold
Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold
Published Mon, Jun 15 2026 11:21 PM EDT
Updated An Hour Ago
Lim Hui Jie
@in/hui-jie-lim-a7371176/
KEY POINTS
• The decision was split 7-1, with board member Toichiro Asada advocating for a hold.
• This comes at a time when Japan has been struggling with a weak yen and inflation that has started to creep up.
• The Nikkei 225 climbed after the decision, while the yen strengthened marginally and bond yields also rose.
{snip}
Published Mon, Jun 15 2026 11:21 PM EDT
Updated An Hour Ago
Lim Hui Jie
@in/hui-jie-lim-a7371176/
KEY POINTS
• The decision was split 7-1, with board member Toichiro Asada advocating for a hold.
• This comes at a time when Japan has been struggling with a weak yen and inflation that has started to creep up.
• The Nikkei 225 climbed after the decision, while the yen strengthened marginally and bond yields also rose.
{snip}