The boj rate hike 1% lifted the policy rate to about 1% from about 0.75% after the Bank of Japan meeting ended on June 16. The move marked the highest level in 31 years. It was also the first increase since December 2025.
Deputy Governor Shinichi Uchida led the press conference after the decision. Governor Kazuo Ueda did not attend because he is in hospital for treatment of a liver cyst infection. Meanwhile, Uchida said the central bank will keep raising its policy rate in line with economic and price conditions.
BOJ Rate Hike 1% Marks New High
The latest step extends the Bank of Japan’s gradual policy normalisation after years of very loose settings. The source said the move came against a backdrop of persistent inflation. It also cited a weak yen and pressure from energy prices linked to the Middle East conflict.
However, the article did not give a vote split or any new rate path. Still, Uchida’s remarks pointed to more tightening ahead. As a result, the BOJ rate hike 1% became the key outcome from the June meeting.
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