Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high. The Bank of Japan has ...

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Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.

The central bank raised the policy rate by 25 basis points to 1.25%.

The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for higher rates.

Japan raised its policy rate to 1.25%, a 31-year high, as the central bank moved to contain inflation risks tied to oil prices and the weak yen.

As the Bank of Japan weighs another rate increase on Friday, a divide over how Japan should confront inflation is widening.

The yen weakened as two members of the bank’s board suggested future rate rises might come more slowly than anticipated.

The Bank of Japan delivered the fastest rate increase of its current cycle to counter persistent inflation and ease the impact of a weak yen.

Japan’s central bank just pushed its policy rate to 1.25%, the highest in 31 years, and that small 25 bps move could reshape ...