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BUSINESSBloomberg Markets·2d ago

BOJ Hikes Rate at Fastest Pace in More Than Three Decades

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The Bank of Japan raised its benchmark interest rate to 1.25% on Friday to address rising inflation and pressure from Washington. This represents the fastest pace of rate hikes in Japan in over thirty years.

The Bank of Japan raised its benchmark interest rate to 1.25% on Friday as it grapples with rising inflation and pressure from Washington. The move marks Japan’s fastest pace of rate hikes in more than three decades. Aya Wagatsuma explains. (Source: Bloomberg)

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