🇯🇵 JAPAN RAISES RATES TO HIGHEST LEVEL IN 31 YEARS
The Bank of Japan (BOJ) has raised its benchmark interest rate to 1.0%, the highest level since 1995, marking another major step away from decades of ultra-loose monetary policy.
📌 Key Highlights:
🏦 BOJ hikes rates from 0.75% ➝ 1.00%
📈 Highest Japanese interest rate in 31 years
🛢️ Rising energy costs and inflation pressures drove the decision
⚡ Japan's wholesale inflation surged over 6% YoY in May
💴 Markets now expect further policy normalization if inflation remains elevated
🌍 Why It Matters:
Japan was the last major economy maintaining near-zero interest rates. The BOJ's continued tightening could impact:
✅ Global bond markets
✅ Yen carry trades
✅ Forex volatility
✅ International capital flows
💡 Higher Japanese yields may encourage investors to bring capital back home, potentially reshaping global financial markets.
⚠️ Traders should closely watch USD/JPY, JPY crosses, and global risk assets as Japan exits its ultra-low-rate era.
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