➡️Japan’s central bank has lifted interest rates to their highest level in three decades.

➡️The move reflects mounting pressure from rising living costs that are weighing on households and the broader economy.

➡️Markets had largely priced in the decision, so it came as no major surprise.

➡️The Bank of Japan implemented a 0.25% rate hike.

➡️As a result, the benchmark policy rate now stands at approximately 0.75%.