The BOJ decided to raise its short-term policy rate to 1.0% from 0.75% by a 7-1 vote at a two-day meeting that ended on Tuesday.
The Bank of Japan has raised its short-term policy rate by 25 basis points, increasing it to 1.0% from the previous 0.75%. This marks the highest interest rate level seen in Japan in 31 years. The decision was made following a 7-1 vote at a two-day policy meeting.
Market Samachar is a news aggregator. This article was originally published by mint - markets. Tap the button above to read the full story on their site.