Hikes rate to 17-year high as wage pressures mount
Expected hike: After three consecutive meetings of holding steady, the Bank of Japan (BoJ) raised interest rates by 25 basis points (bps), as widely expected, bringing the rate to its highest level since October 2008.
Short-term rate (8-1 majority vote): The BoJ increased the overnight call rate (OCR) to 0.50% in an 8–1 vote. Dovish board member Nakamura Toyoaki dissented, arguing that the central bank should first ensure sustained corporate earnings growth before tightening policy.
