business
BOJ raises rates to over 30-year high; yen strengthens, yields climb
The decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting from the hike.
The Bank of Japan has raised its policy rate by 25 basis points to 1.25%, the highest level since 1995.
The move also marked a quickening in the BOJ's rate hike cycle since it started monetary policy normalization in March 2024, with the rise taking ... [1184 chars]
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