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[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)

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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.

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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.

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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.

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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.

E

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.

E

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.

E

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.

E

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.

E

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.

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China's GDP growth in Jan.-March quarter

BEIJING, China, April 16 Kyodo - China's National Bureau of Statistics holds a press conference in Beijing on April 16, 2026, announcing that the country's gross domestic product grew 5.0 percent in the January-March quarter. (Kyodo)

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China's GDP growth in Jan.-March quarter

China's National Bureau of Statistics holds a press conference in Beijing on April 16, 2026, announcing that the country's gross domestic product grew 5.0 percent in the January-March quarter.

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No. of foreign visitors to Japan tops 40 mil.

Tourists pack a street near Kiyomizu-dera temple in Kyoto, western Japan, on Jan. 20, 2026. The number of foreign visitors to Japan surged 16 percent to an estimated 42.7 million in 2025, exceeding 40 million for the first time.

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No. of foreign visitors to Japan tops 40 mil.

Foreign tourists take a picture at the famous scramble intersection in Tokyo's Shibuya area on Jan. 20, 2026. The number of foreign visitors to Japan surged 16 percent to an estimated 42.7 million in 2025, exceeding 40 million for the first time.

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No. of foreign visitors to Japan tops 40 mil.

Foreign tourists take a picture at the famous scramble intersection in Tokyo's Shibuya area on Jan. 20, 2026. The number of foreign visitors to Japan surged 16 percent to an estimated 42.7 million in 2025, exceeding 40 million for the first time.

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Daily Life In Nuuk - Greenland

This photo taken on Jan. 16, 2026 shows a mountain near Nuuk, capital of Greenland, an autonomous territory of Denmark. Greenland, the world's largest island, is a self-governing territory within the Kingdom of Denmark, with Copenhagen retaining control over defense and foreign policy. The United States maintains a military base on the island. Since returning to office in 2025, Trump has repeatedly expressed a desire to "obtain" Greenland. Trump has accelerated his push to acquire the island. On Saturday, Trump announced that the United States would impose a 10 percent tariff from Feb. 1 on goods from Denmark, Norway, Sweden, France, Germany, Britain, the Netherlands and Finland, and raise the levy to 25 percent from the beginning of June unless a deal is reached for the United States to purchase the territory. Photo by Anders Kongshaug/Xinhua/ABACAPRESS.COM

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Daily Life In Nuuk - Greenland

A car is pictured on the outskirt of Nuuk, capital of Greenland, an autonomous territory of Denmark, Jan. 16, 2026. Greenland, the world's largest island, is a self-governing territory within the Kingdom of Denmark, with Copenhagen retaining control over defense and foreign policy. The United States maintains a military base on the island. Since returning to office in 2025, Trump has repeatedly expressed a desire to "obtain" Greenland. Trump has accelerated his push to acquire the island. On Saturday, Trump announced that the United States would impose a 10 percent tariff from Feb. 1 on goods from Denmark, Norway, Sweden, France, Germany, Britain, the Netherlands and Finland, and raise the levy to 25 percent from the beginning of June unless a deal is reached for the United States to purchase the territory. Photo by Anders Kongshaug/Xinhua/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians spend their time along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians spend their time along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians spend their time along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians walk between tents along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians walk between tents along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians sail along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians sail along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians sail along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians walk between tents along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM

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Gaza Port After Storm - Palestine

Displaced Palestinians dry their belongings along the Gaza Port on January 16, 2026, after severe winter winds struck the enclave. A fragile ceasefire has held since October, following a war triggered by Hamas's October 7, 2023 attack, which left nearly 80 percent of Gaza's buildings destroyed or damaged, according to UN data. Photo by Saeed Jaras/Middle East Images/ABACAPRESS.COM