BOJ raises interest rates to 31-year high, advancing policy normalization amid energy-driven inflation from Iran war.
The Bank of Japan raised interest rates to a 31-year high, marking another landmark step in normalizing monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.
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BOJ June meeting opinions show hawkish tone, members say appropriate to continue raising rates as financial conditions stay accommodative and import costs add to inflation pressures.
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