⚡Bank of Japan raised its policy rate to 1.25%, a 31-year high, in a split vote, while the yen weakened past 157 against the dollar.

What it means

The Bank of Japan raised its key short-term interest rate to 1.25%, the highest level in 31 years, in a 7-2 vote. Despite the hike, the yen fell below 157 per dollar because Governor Ueda signaled that the pace of future increases would be gradual, disappointing traders who expected a more hawkish stance.

Accuracy & sourcesSourced

Directly based on the BOJ's official rate decision and Governor Ueda's post-meeting press conference, reported by Nikkei Asia. The split vote and yen reaction are confirmed by multiple financial news outlets in the search results, making the claim well-sourced and accurate.

How new

Genuinely new — the rate decision and yen move occurred within the past 24 hours, as shown by the search results dated hours ago.

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