Japan Raises Interest Rate to New 31 Year High to Curb Rising Prices The Bank of Japan (BOJ) has raised its main interest rate to 1. 25%, a level not seen since 1995.
This move is the latest in a series of global economic policy adjustments aimed at curbing rising prices.
Japan's recent economic history is marked by decades of low inflation or deflation, exacerbated by its reliance on exports and imports.