Bank of Japan raises rates to 31-year high, flags more to come

'Japan's PM hopes to boost growth through public spending. Higher borrowing costs threaten her plans'

COLUMN. The Bank of Japan, the last major central bank to maintain ultra-low interest rates, raised its key rate by a quarter point on Tuesday, bringing it to 1%, the highest level since 1995. This move could dampen business activity and increase the public debt burden, says columnist Isabelle Chaperon.

Bank of Japan raises rates to 31-year high, flags more to come

TOKYO — The Bank of Japan raised interest rates to a 31-year high on Tuesday in a landmark step in its policy normalization, signaling readiness to tighten further as it focuses on taming price pressures from the Iran-war-induced energy shock. The post Bank of Japan raises rates to 31-year high, flags more to come appeared first on Hawaii Tribune-Herald.

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