What changed in this update
The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
Advertisement
Source coverage
Source reports
NYTimes – Business NYT
Japan Raises Interest Rates to 31-Year High Under U.S. Pressure
The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
Guardian
Japan raises interest rates to 31-year high to curb impact of rising prices
Increase from 1% to 1.25% follows US Federal Reserve and European Central Bank tightening monetary policy Business live – latest updates Japan’s central bank has increased interest rates to a fresh 31-year high as it attempts to combat high global inflation linked to the war in Iran. The Bank of Japan voted to raise its target interest rate from 1% to 1.25%, the highest level since 1995. Continue reading...
BBC News – Business BBC
Japan raises interest rate to new 31-year high to curb rising prices
Advertisement
CBS
Fed raises interest rates, a sign of concern about rising prices: "Inflation is too high"
The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.