[Breaking News]BOJ lifts policy rate to 31-year high of 1.0%

TOKYO, Japan, June 16 Kyodo - Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent. (Kyodo)

BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for medical treatment, decided to lift its key policy rate to a 31-year high of 1.0 percent.

BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for medical treatment, decided to lift its key policy rate to a 31-year high of 1.0 percent.

BOJ headquarters

BOJ headquarters

The Bank of Japan headquarters is pictured in Tokyo on June 16, 2026. The central bank decided to lift its key policy rate to a 31-year high of 1.0 percent at a two-day policy meeting that ended that day.

BOJ headquarters

BOJ headquarters

The Bank of Japan headquarters is pictured in Tokyo on June 16, 2026. The central bank decided to lift its key policy rate to a 31-year high of 1.0 percent at a two-day policy meeting that ended that day.

BOJ lifts policy rate to 31-year high of 1.0%

BOJ lifts policy rate to 31-year high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

BOJ lifts policy rate to 31-year high of 1.0%

BOJ lifts policy rate to 31-year high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

BOJ lifts policy rate to 31-year high of 1.0%

BOJ lifts policy rate to 31-year high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

World Bank cuts 2024 growth forecast for Japan

STORY: World Bank cuts 2024 growth forecast for Japan SHOOTING TIME: Recent footage DATELINE: June 13, 2024 LENGTH: 00:01:06 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: The World Bank has cut its economic growth forecast for Japan for 2024 to 0.7 percent from 0.9 percent, while lifting the global growth outlook for the year to 2.6 percent from 2.4 percent, local media reported. The Japan growth forecast fell 0.2 percentage point from the previous estimate in January due to sluggish consumption growth and slowing exports, as well as a halt in growth in demand from foreign tourists, Jiji Press said Tuesday, citing the World Bank's latest Global Economic Prospects report. Japan's economic growth is projected to rise to 1.0 percent in 2025, as consumption is expected to improve moderately, it added. Meanwhile, the global economy would avoid a third consecutive drop in real GDP growth since a major post-pandemic jump in 2021, with 2024 growth stabilizin

Australian inflation rate slows to 3.6 pct

STORY: Australian inflation rate slows to 3.6 pct SHOOTING TIME: April 26, 2024 DATELINE: April 28, 2024 LENGTH: 0:02:07 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket 2. various of street views in Australia STORYLINE: Australia's annual rate of inflation has fallen to 3.6 percent, according to official figures published by the Australian Bureau of Statistics (ABS) on Wednesday. The figure showed that the consumer price index (CPI) rose by 1.0 percent in the first three months of 2024 and 3.6 percent in the 12 months to the end of March. It marks a fall from a 4.1 percent rise in the CPI in the 12-month period to the end of December 2023. The ABS identified rising costs of education, health, housing, food and non-alcoholic beverages as the most significant drivers of inflation in the first quarter of 2024. Housing prices were 0.7 percent higher at the end of March than at the start of 2024 and 4.9 percent higher than 12 months earlier. Education costs rose 5.

Japan's real wages shrink for 23rd straight month

STORY: Japan's real wages shrink for 23rd straight month SHOOTING TIME: file DATELINE: April 9, 2024 LENGTH: 00:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of supermarkets in Tokyo 3. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars). Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent. Meanwhile, the consumer price index exclu

Global trade growth to slow to 1.7 pct in 2023: WTO report

STORY: Global trade growth to slow to 1.7 pct in 2023: WTO report DATELINE: April 6, 2023 LENGTH: 00:02:17 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. exterior of World Trade Organization (WTO) building 2. SOUNDBITE (English): RALPH OSSA, WTO Chief Economist 3. various of WTO & the report STORYLINE: Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. The volume of world merchandise trade has been weighed down by the effects of the conflict in Ukraine, high inflation, tighter monetary policy and financial market uncertainty, the report said. However, the forecast for trade growth in 2023 is up from the previous estimate of 1.0 percent from last October. China's adjustment of its COVID-19 measures is a "key factor" in this increase, the report said. The Chinese market is expected to boost international trade, the report said. Dragged down by a sharp slump in the fourth quar

Chinese currency

Chinese currency

TOKYO, Japan - File photo shows Chinese currency the yuan, also known as the renminbi. China said April 14, 2012, that it will widen the trading band for the yuan against the U.S. dollar from the current 0.5 percent to 1.0 percent a day.

WTO: world trade growth to slow sharply in 2023

STORY: WTO: world trade growth to slow sharply in 2023 DATELINE: Oct. 6, 2022 LENGTH: 00:01:24 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of WTO 2. SOUNDBITE (English): NGOZI OKONJO-IWEALA, WTO Director-General STORYLINE: World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy, the World Trade Organization (WTO) said in a statement on Wednesday. WTO economists said in the statement that global merchandise trade volumes will grow by 3.5 percent in 2022 -- slightly better than the 3.0 percent forecast in April. However, for 2023 they foresee a 1.0 percent increase, down sharply from the previous estimate of 3.4 percent. The new WTO forecast estimates world gross domestic product (GDP) at market exchange rates will grow by 2.8 percent in 2022 and 2.3 percent in 2023 - the latter is 1.0 percentage points lower than previous projections. In their April forecast, WTO economists had to rely on simul

Hungary's March annual inflation hits 15-year high at 8.5 pct

STORY: Hungary's March annual inflation hits 15-year high at 8.5 pct DATELINE: April 9, 2022 LENGTH: 00:01:10 LOCATION: Budapest CATEGORY: ECONOMY SHOTLIST: 1. various of car traffic 2. various of people buying food products in a butcher shop 3. various of people buying fruits and vegetables at a market 4. various of people eating at a restaurant STORYLINE: Hungary's annual inflation was 8.5 percent in March, up from 8.3 percent in February and the highest in 15 years, the country's Central Statistical Office (KSH) said on Friday. The figure was much higher than the official target of 3.0 percent set by the National Bank of Hungary (MNB) but met the expectations of analysts, who projected a rate of between 8.5 percent and 9.0 percent. "The increase over the past 12 months was the largest in food prices. In one month, consumer prices increased by 1.0 percent on average," KSH said. To ease the burden of inflation on the population, Hungary's government capped the prices of six basic food items in the midd

Japan's economy grows a revised 1.0% in July-Sept., avoids recession

Japan's economy grows a revised 1.0% in July-Sept., avoids recession

(From L) Japanese Economic and Fiscal Policy Minister Akira Amari, Prime Minister Shinzo Abe and Finance Minister Taro Aso attend a Cabinet meeting in Tokyo on Dec. 8, 2015. Japan's economy grew an annualized 1.0 percent in the July-September period in inflation-adjusted terms, a turnaround from a contraction in preliminary data, the government said the same day. (Kyodo) ==Kyodo

BOJ likely to cut inflation outlook for FY 2015

BOJ likely to cut inflation outlook for FY 2015

Bank of Japan Governor Haruhiko Kuroda arrives at the BOJ headquarters in Tokyo on April 30, 2015, to attend a policy board meeting. The central bank is expected to revise down its inflation outlook for the current fiscal year through next March to below the 1.0 percent rate forecast in January, but is unlikely to further ease monetary policy. (Kyodo) ==Kyodo

Chinese currency

Chinese currency

TOKYO, Japan - File photo shows Chinese currency the yuan, also known as the renminbi. China said April 14, 2012, that it will widen the trading band for the yuan against the U.S. dollar from the current 0.5 percent to 1.0 percent a day. (Kyodo)