🌐 Geopolitical🌐 Global
Bank of Japan Raises Rates to Highest Level Since 1995
The Hindu·Tuesday, 16 June 2026
The Bank of Japan has hiked its interest rate to a 31-year high, citing inflation. Tokyo's Nikkei 225 index briefly crossed 70,000 for the first time ever on Tuesday. The Bank has been raising rates from near-zero since 2024.
Why It Matters
Japan's rate decisions ripple through global financial markets. Higher Japanese rates can shift investment flows, affect Asian currencies, and impact Indian markets and exporters.
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