BOJ hikes rates as deputy head warns inflation risks and Iran uncertainties
Bank of Japan
Policy rate at highest since 1995 amid concerns of CPI exceeding 2% target
Following a two-day board meeting, BOJ decided to lift its policy rate by a quarter point to 1%. (Photo by Nanami Sato)
JADA NAGUMO
June 16, 2026 12:23 JST
Updated on June 16, 2026 20:52 JST
TOKYO — The Bank of Japan decided on Tuesday to raise its benchmark interest rate to 1% — its highest level in more than three decades — as the central bank tries to stay ahead of inflation amid continued uncertainty over the Middle East conflict.
