Bank Of Japan Hikes Interest Rate To 1.25% As Weak Yen Fuels Inflation Fears

The Bank of Japan has raised its policy interest rate by 25 basis points to 1.25%, taking borrowing costs to their highest level in 31 years. The 7-2 decision marks the central bank's second rate increase in just three months and signals a faster pace of monetary tightening as Japan confronts inflation risks and a historically weak yen. The BOJ said underlying inflation is approaching its 2% target but warned of a risk that price pressures could overshoot. Higher energy costs and the weak yen have increased pressure on Japanese businesses and consumers through more expensive imports. #BankOfJapan #BOJ #Japan #InterestRates #RateHike #JapanEconomy #JapaneseYen #Yen #Inflation #CentralBank #MonetaryPolicy #JapanNews #Economy #GlobalMarkets #AsianMarkets #BusinessNews #Finance #InterestRateHike #WorldEconomy About NDTV (English news channel): NDTV is India's Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile. For Latest Videos, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvh5iPadUPTAg3sxFD_DZpT_ To watch NDTV's premium shows listed together for your easy access, click here: https://www.youtube.com/@NDTV/playlists?view=50&sort=dd&shelf_id=5 For Ground Reports and Analysis from NDTV's reporters and anchors of day's top news stories, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvgHr6OHiZYKbr_21MOmvk04 For News in Shorts, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvjJ8fhLPk_Fz4tFARkpG-Y- Subscribe to our channel to get latest news updates. Follow us on Social Media: Like us on Facebook: https://www.facebook.com/ndtv/ Follow us on Twitter: https://twitter.com/ndtv/ Follow us on Instagram: https://www.instagram.com/ndtv/ Follow us on WhatsApp: https://whatsapp.com/channel/0029Va4lixw7z4kcvZI9JM12 Join NDTV on Telegram Messenger: https://t.me/NDTVbot/?start=hi Follow us on Google News for Breaking and Latest News Updates: NDTV: https://bit.ly/3e5ngbP NDTV India (Hindi News): https://bit.ly/3mNVwMY Download NDTV Mobile Apps: http://www.ndtv.com/page/apps #BreakingNews #LatestNews #TodayNews #News #IndiaNews #NDTV #currentaffairs $MetaTags$1#Reuters4#Susobhan Roy$MetaTags$