[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 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 policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Deputy Governor Shinichi Uchida arrives at the central bank's headquarters in Tokyo on June 16, 2026, for the second day of a two-day monetary policy meeting. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Deputy Governor Shinichi Uchida arrives at the central bank's headquarters in Tokyo on June 16, 2026, for the second day of a two-day monetary policy meeting. (Pool photo)

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.

BOJ policy-setting meeting

BOJ policy-setting meeting

The Bank of Japan's Policy Board meets at the central bank's headquarters in Tokyo on April 28, 2026, for the second day of its two-day monetary policy meeting, with Governor Kazuo Ueda seated in the center. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

The Bank of Japan's Policy Board meets at the central bank's headquarters in Tokyo on April 28, 2026, for the second day of its two-day monetary policy meeting, with Governor Kazuo Ueda seated in the center. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

The Bank of Japan holds the second day session of the central bank's two-day monetary policy meeting at the BOJ's headquarters in Tokyo on Jan. 23, 2026, with Governor Kazuo Ueda seated in the center.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Jan. 23, 2026, for the second day of its two-day monetary policy meeting.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Jan. 23, 2026, for the second day of its two-day monetary policy meeting.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Jan. 23, 2026, for the second day of its two-day monetary policy meeting.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Jan. 22, 2026, for the first day of a two-day monetary policy meeting. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Dec. 18, 2025, for the first day of a two-day monetary policy meeting. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Dec. 18, 2025, for the first day of a two-day monetary policy meeting. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Dec. 19, 2025, for the second day of a two-day monetary policy meeting.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Dec. 19, 2025, for the second day of a two-day monetary policy meeting.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on Dec. 19, 2025, for the second day of a two-day monetary policy meeting.

Fed cuts key rate by 0.25 point

Fed cuts key rate by 0.25 point

U.S. Federal Reserve Chair Jerome Powell holds a press conference in Washington on Dec. 10, 2025, following a two-day monetary policy meeting. The Fed decided to cut its benchmark interest rate by 0.25 percentage point, its third straight rate reduction.

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan, with Governor Kazuo Ueda seated at center, holds a monetary policy meeting at the Japanese central bank's headquarters in Tokyo on Oct. 30, 2025. (Pool photo)

Bank of Japan Monetary Policy Meeting Press Conference

Bank of Japan Monetary Policy Meeting Press Conference

Press conference following the Bank of Japan Monetary Policy Meeting. photo shows Bank of Japan Governor Kazuo Ueda.=September 19,2025,Tokyo

Bank of Japan Monetary Policy Meeting Press Conference

Bank of Japan Monetary Policy Meeting Press Conference

Press conference following the Bank of Japan Monetary Policy Meeting. photo shows Bank of Japan Governor Kazuo Ueda.=September 19,2025,Tokyo

Bank of Japan Monetary Policy Meeting Press Conference

Bank of Japan Monetary Policy Meeting Press Conference

Press conference following the Bank of Japan Monetary Policy Meeting. photo shows Bank of Japan Governor Kazuo Ueda.=September 19,2025,Tokyo

Bank of Japan Monetary Policy Meeting Press Conference

Bank of Japan Monetary Policy Meeting Press Conference

Press conference following the Bank of Japan Monetary Policy Meeting. photo shows Bank of Japan Governor Kazuo Ueda.=September 19,2025,Tokyo

Bank of Japan Monetary Policy Meeting Press Conference

Bank of Japan Monetary Policy Meeting Press Conference

Press conference following the Bank of Japan Monetary Policy Meeting. photo shows Bank of Japan Governor Kazuo Ueda.=September 19,2025,Tokyo

BOJ Governor Ueda

BOJ Governor Ueda

Bank of Japan Governor Kazuo Ueda enters the central bank's headquarters in Tokyo on Sept. 19, 2025, to attend the second-day session of a two-day monetary policy meeting. (Pool photo)

BOJ Governor Ueda

BOJ Governor Ueda

Bank of Japan Governor Kazuo Ueda enters the central bank's headquarters in Tokyo on Sept. 18, 2025, to attend the first-day session of a two-day monetary policy meeting. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the Japanese central bank's headquarters in Tokyo on July 31, 2025, the second day of a two-day monetary policy meeting. (Pool photo)

BOJ policy-setting meeting

BOJ policy-setting meeting

The Bank of Japan holds a monetary policy meeting at the Japanese central bank's headquarters in Tokyo on July 31, 2025, with Governor Kazuo Ueda seated in the center. (Pool photo)

BOJ chief Ueda

TOKYO, Japan, Dec. 25 Kyodo - Bank of Japan Governor Kazuo Ueda makes a speech in Tokyo on Dec. 25, 2024. (Kyodo)

BOJ policy-setting meeting

TOKYO, Japan, Dec. 19 Kyodo - Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on Dec. 19, 2024, after the BOJ kept its key interest rate unchanged at around 0.25 percent during a two-day policy-setting meeting. (Kyodo)

ECB president

ECB president

European Central Bank President Christine Lagarde attends a press conference in Frankfurt on Sept. 12, 2024, following the Governing Council's monetary policy meeting in Frankfurt on Sept. 12, 2024.

BOJ policy-setting meeting

TOKYO, Japan, July 31 Kyodo - Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on July 31, 2024, to attend the second day of a two-day policy-setting meeting. (Kyodo)

Nigerian central bank further raises interest rate to over 26 pct

STORY: Nigerian central bank further raises interest rate to over 26 pct SHOOTING TIME: May 22, 2024 DATELINE: May 23, 2024 LENGTH: 00:01:09 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of a busy street in Nigeria 2. various of the central bank building 3. various of press briefing by central bank officials 4. SOUNDBITE (English): YEMI CARDOSO, Governor of the Central Bank of Nigeria STORYLINE: Nigeria's central bank on Tuesday further raised the benchmark interest rate, pushing it by 150 basis points to 26.25 percent, in a move to combat the country's persistent inflation. This latest hike marks a continuation of Nigeria's aggressive monetary tightening strategy aimed at stabilizing the economy. It is the third consecutive one this year, since February, to raise the baseline interest rate known as the monetary policy rate. Yemi Cardoso, governor of the Central Bank of Nigeria, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja that th

South African Reserve Bank releases 2024 Monetary Policy Review

STORY: South African Reserve Bank releases 2024 Monetary Policy Review SHOOTING TIME: April 24, 2024 DATELINE: April 27, 2024 LENGTH: 00:02:52 LOCATION: JOHANNESBURG, South Africa CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting 2. SOUNDBITE 1 (English): LESEJA KGANYAGO, Governor of SARB 3. various of the meeting 4. SOUNDBITE 2 (English): WITNESS SIMBANEGAVI, Economic Research department of the South African Reserve Bank STORYLINE: The South African Reserve Bank (SARB) released its 2024 Monetary Policy Review on Wednesday, indicating that headline inflation is only expected to return to the mid-point of the target band in the last quarter of 2025. South Africa's inflation target range is 3 to 6 percent. The report said that amid slower-than-expected disinflation in food and volatility in fuel prices, headline inflation had fluctuated in the range of 5-6 percent over the past six months. In terms of growth, the SARB anticipates that real GDP will increase to 1.2 percent this year. SOUNDBITE 1 (Engli

Nigeria's central bank raises interest rate to 24.75 pct

STORY: Nigeria's central bank raises interest rate to 24.75 pct SHOOTING TIME: March 26, 2024 DATELINE: March 28, 2024 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja 2. various of aerial shots of the Central Bank of Nigeria 3. various of Abuja 4. various of the meeting attended by Yemi Cardoso 5. SOUNDBITE (English): YEMI CARDOSO, Governor of Central Bank of Nigeria STORYLINE: The Central Bank of Nigeria (CBN) on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country. The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. SOUNDBITE (English): YEMI CARDOSO, Governo

Bank of Japan ends negative interest rates in historic policy overhaul

STORY: Bank of Japan ends negative interest rates in historic policy overhaul SHOOTING TIME: Earlier footage DATELINE: March 19, 2024 LENGTH: 0:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Japan 2. various of city views in Tokyo STORYLINE: The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. After a two-day policy meeting, the central bank's policy board decided to guide short-term rate to a range of 0 to 0.1 percent, up a fraction from minus 0.1 to 0 percent, judging that its goal of attaining a stable 2 percent inflation is "in sight." "It came into sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner," the BOJ said in a post-meeting statement. On top of returning to positive rates, the BOJ also decided to scrap it

Bank of Japan to maintain accommodative policy Monetary Policy Meeting

Bank of Japan to maintain accommodative policy Monetary Policy Meeting

The Bank of Japan decided to maintain monetary policy at its Monetary Policy Meeting. Photo: Bank of Japan Governor Kazuo Ueda =Date:January 23, 2024, Place: Tokyo

Bank of Japan to maintain accommodative policy Monetary Policy Meeting

Bank of Japan to maintain accommodative policy Monetary Policy Meeting

The Bank of Japan decided to maintain monetary policy at its Monetary Policy Meeting. Photo: Bank of Japan Governor Kazuo Ueda =Date:January 23, 2024, Place: Tokyo

Bank of Japan to maintain accommodative policy Monetary Policy Meeting

Bank of Japan to maintain accommodative policy Monetary Policy Meeting

The Bank of Japan decided to maintain monetary policy at its Monetary Policy Meeting. Photo: Bank of Japan Governor Kazuo Ueda =Date:January 23, 2024, Place: Tokyo

BOJ Policy setting meeting

TOKYO, Japan Kyodo - Bank of Japan Governor Kazuo Ueda speaks during a press conference at the central bank's headquarters in Tokyo on Dec. 19, 2023, after its two-day policy-setting meeting. The BOJ left its monetary policy unchanged and vowed to maintain ultralow interest rates, capping off 2023 with a dovish tilt. (Kyodo)

BOJ Policy setting meeting

BOJ Policy setting meeting

Bank of Japan Governor Kazuo Ueda speaks during a press conference at the central bank's headquarters in Tokyo on Dec. 19, 2023, after its two-day policy-setting meeting. The BOJ left its monetary policy unchanged and vowed to maintain ultralow interest rates, capping off 2023 with a dovish tilt.

BOJ Policy setting meeting

BOJ Policy setting meeting

Bank of Japan Governor Kazuo Ueda speaks during a press conference at the central bank's headquarters in Tokyo on Dec. 19, 2023, after its two-day policy-setting meeting. The BOJ left its monetary policy unchanged and vowed to maintain ultralow interest rates, capping off 2023 with a dovish tilt.

BOJ Policy setting meeting

BOJ Policy setting meeting

Bank of Japan Governor Kazuo Ueda attends a press conference at the central bank's headquarters in Tokyo on Dec. 19, 2023, after its two-day policy-setting meeting. The BOJ left its monetary policy unchanged and vowed to maintain ultralow interest rates, capping off 2023 with a dovish tilt.

BOJ Policy setting meeting

BOJ Policy setting meeting

Bank of Japan Governor Kazuo Ueda attends a press conference at the central bank's headquarters in Tokyo on Dec. 19, 2023, after its two-day policy-setting meeting. The BOJ left its monetary policy unchanged and vowed to maintain ultralow interest rates, capping off 2023 with a dovish tilt.

Australia's central bank lifts cash rate to 4.35 pct

STORY: Australia's central bank lifts cash rate to 4.35 pct SHOOTING TIME: Nov. 7, 2023 DATELINE: Nov. 8, 2023 LENGTH: 0:01:09 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney Opera House 2. various of the Reserve Bank of Australia 3. various of banks STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday decided to raise the cash rate target by 25 basis points to 4.35 percent, after keeping the rate on hold for four consecutive months. Following a monetary policy meeting on Tuesday, RBA Governor Michele Bullock said in a statement that the rise in interest rates was warranted to be more assured that inflation would return to target in a reasonable timeframe. According to the latest figures released by the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose 1.2 percent in the September 2023 quarter, higher than the 0.8-percent rise in the June 2023 quarter, while the annual inflation eased down from 6.0 percent to 5.4 percent. Automotive fuel and