The Bank of Japan decides to raise interest rates, raising the policy rate to around 1%, the highest level in 31 years

The Bank of Japan decided to raise interest rates at its monetary policy meeting held until the 16th. Amid rising prices due to the recent trend of high crude oil prices and a weak yen due to the situation in Iran, we will raise the policy interest rate to around 1%, the highest level in 31 years since 1995, as it is necessary to prevent a significant rise in prices going forward.