
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.







