Join Nostr
2026-09-18 03:35:36 UTC

oxhak on Nostr: The Bank of Japan raised its benchmark interest rate by 25 basis points to 1.25%, its ...

The Bank of Japan raised its benchmark interest rate by 25 basis points to 1.25%, its highest level in 31 years, citing risks that inflation could move above its 2% target because of import and energy costs. It was the central bank’s second rate increase in three months, while the yen weakened against the U.S. dollar, with USD/JPY rising to 156.70 from 156.20.

Bitcoin strengthened after the decision. BTC/JPY on Tokyo-based bitFlyer gained 0.5% to JPY 12.06 million, while bitcoin’s dollar price reached $77,400 after an overnight low of $76,200. The move matters because Japan’s rates and yen carry trades can influence global markets, although the remaining gap with U.S. rates still supports those trades.

https://www.coindesk.com/markets/2026/09/17/boj-rate-hike