The Bank of Japan raised interest rates as expected on Friday, citing concerns that inflation was coming increasingly close to crossing its 2% annual target. The BOJ hiked its overnight call rate by 25 basis points to 1.25%, bringing the rate to its highest level since 1995. The hike was the centra»»»

It was the sixth rate increase under Bank of Japan governor Kazuo Ueda — the most by any Japanese central bank chief in at least half a century — and came after a wave of US pressure from Treasury Secretary Scott Bessent to push up rates. (Sept 18): The Bank of Japan (BOJ) raised its benchmark inte»»»