BOJ Sets 31-Year High Interest Rate as Yen Continues Downward Trend
The Bank of Japan (BOJ) has set a new record for its benchmark interest rate at a 31-year high, as the yen continues to slide. This move was announced on September 18, 2026.
The BOJ's decision to increase interest rates aims to combat rising inflation and stabilize the Japanese economy. The yen has been under pressure in recent times due to various global economic factors.