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Bank of Japan Raises Rate to 1.25% as Yen Weakens After Split Vote
Vera
By Vera
Markets Editor
The Bank of Japan raised its policy rate by 25 basis points to 1.25% on September 18, its highest level in 31 years, as policymakers continued to respond to InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More risks. The decision passed by a 7–2 vote, with Toichiro Asada and Ayano Sato dissenting. Despite the increase, the yen weakened after the decision, with Reuters reporting USD/JPY around 157.1 and roughly 0.7% higher on the day. Governor Kazuo Ueda's post-meeting press conference remains the next key source of guidance on the policy outlook.
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