Bank of Japan Raises Key Rate to 1% After 31 Years

5 sourcesFirst reported 1 month agoUpdated 1 month ago

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What all sources covered

The Bank of Japan raised its benchmark interest rate to 1% on June 16, 2026.
This is the first increase since December 2025 and the highest level since 1995.
The decision marks a significant step in the normalization of monetary policy.
The yen's gains against the dollar diminished following the announcement.

5 sources

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Bloomberg

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