Bank of Japan Raises Key Rate to 1.25%, Highest in 31 Years

Seven of Nine Board Members Vote in Favor

International|
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By Park Min-joomj@sedaily.com
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Breaking news - Seoul Economic Daily International News from South Korea
Breaking news

The Bank of Japan raised its policy rate by 0.25 percentage point to 1.25% at its September monetary policy meeting on the 18th. The move came just three months after a hike in June, accelerating a pace that had been about one increase every six months since March 2024.

The decision was approved by seven of the nine members of the policy board. At 1.25%, the policy rate stands at its highest level in 31 years, since 1995. Two board members seen as doves, Asada Doichiro and Sato Ayano, voted against the increase.

Original reporting by Park Min-joo for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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