Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold

Jun 16, 2026 - 00:40

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Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold

This is the BOJ's first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.

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