BoJ raises rates to 31-year high of 1.25% in 7-2 split vote; yen weakens, stocks rise

The Bank of Japan raised its policy rate 25bps to 1.25%, a 31-year high, at its September 18 meeting, with two members dissenting. The yen weakened to about 157.1 per dollar and stocks rose as the split vote tempered hawkish expectations. Governor Ueda said the BoJ will conduct a fresh risk assessment at each policy meeting and must avoid overly fast tightening straining financial conditions.

Detected & updated continuously · Source: Nebula