BOJ Raises Interest Rates to 31-Year High in Widely Expected Move (Update 1)
TOKYO, Sept 18 (Reuters) - The Bank of Japan raised interest rates to a 31-year high of 1.25% on Friday in a widely expected move to forestall risks of inflation overshooting its 2% inflation target.
On Friday, September 18, 2026, the Bank of Japan hiked interest rates to a 31-year peak of 1.25%, a move widely anticipated to curb the risk of inflation exceeding its 2% target. The decision, reached after a two-day policy meeting, came by a 7-2 vote at the meeting. Board member Toichiro Asada and Ayano Sato opposed the hike. Following the meeting, BOJ Governor Kazuo Ueda is scheduled to deliver a news conference at 3:30 p.m. JST to provide an explanation for the decision.
Written by urgent.news from The Japan News by The Yomiuri Shimbun's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
