BOJ Deputy Governor Uchida's comments at news conference

The Bank of Japan raised interest rates to a 31-year high, continuing its normalization cycle as it responds to price pressures tied to the energy shock from the Iran war. The move is hawkish and relevant for Japanese rates, FX, and global risk assets, though the article provides no specific basis-point figure.

Analysis

The Bank of Japan raised interest rates to a 31-year high, continuing its normalization cycle as it responds to price pressures tied to the energy shock from the Iran war. The move is hawkish and relevant for Japanese rates, FX, and global risk assets, though the article provides no specific basis-point figure.