Bank of Japan set to raise rates to 31-year high, vow further increases

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TOKYO, June 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused by the Iran war. The decision would mark a more aggressive approach by the BOJ in dismantling the remnants of the radical stimulus of Governor Kazuo Ueda's predecessor and another step in becoming a more conventional central bank that prioritises fighting inflation. All

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Bank of Japan set to raise rates to 31-year high, vow further increases https://www.channelnewsasia.com/ - 16.06.2026 01:52

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Bank of Japan set to raise rates to 31-year high, vow further increases https://www.channelnewsasia.com/ - 16.06.2026 01:52