Bank of Japan Raises Rate to 1.25% as Yen Weakens After 31-Year High

The Bank of Japan (BOJ) raised its policy interest rate by 25 basis points to 1.25% on September 18, taking borrowing costs to their highest level in 31 years, since 1995. The decision was made by a 7-2 vote, with board members Toichiro Asada and Ayano Sato voting against the