Business & Finance
Bank of Japan Hike Shows Inflation Worries, Strategists Say
Key Points
Bank of Japan Hike Shows Inflation Worries, Strategists Say Bank of Japan’s decision to raise rates on Tuesday in a widely expected move reflected the central bank’s concerns about inflation, strategists say. The BOJ raised its benchmark interest rate by a quarter percentage point to 1%, the highest since 1995 and signaled that further policy normalization lies ahead, at a policy meeting convened without the governor in attendance.
Bank of Japan Hike Shows Inflation Worries, Strategists Say
Bank of Japan’s decision to raise rates on Tuesday in a widely expected move reflected the central bank’s concerns about inflation, strategists say.
The BOJ raised its benchmark interest rate by a quarter percentage point to 1%, the highest since 1995 and signaled that further policy normalization lies ahead, at a policy meeting convened without the governor in attendance.
[Image text:] 186660686886