Japan Raises Interest Rates To 31-Year High As War-Driven Energy Costs Fuel Inflation Concerns

Source: International Business Times

Pedestrians walk past the Bank of Japan headquarters building in Tokyo on June 16, 2026. The Bank of Japan is widely expected to hike interest rates to a 31-year high on June 16 as it battles inflation caused by the Middle East War, even after Washington and Tehran agreed a peace deal. Getty Images Japan's central bank raised interest rates to their highest level in more than three decades, tightening monetary policy as the country grapples with inflationary pressures and a weakening yen.