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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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Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference

Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference=June 16,2026,Tokyo

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Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference

Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference=June 16,2026,Tokyo

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Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference

Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference=June 16,2026,Tokyo

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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.

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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.

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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.

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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)

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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)

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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 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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All Nippon Airways President's Handover Press Conference

All Nippon Airways President Change Press Conference. Photo shows President Shinichi Inoue.=March 2,2026,Tokyo

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All Nippon Airways President's Handover Press Conference

All Nippon Airways President Transition Press Conference. The photo shows, from left, incoming President Juichi Hirasawa and President Shinichi Inoue.=March 2,2026,Tokyo

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All Nippon Airways President's Handover Press Conference

All Nippon Airways President Transition Press Conference. The photo shows, from left, incoming President Juichi Hirasawa and President Shinichi Inoue.=March 2,2026,Tokyo

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All Nippon Airways President's Handover Press Conference

All Nippon Airways President Transition Press Conference. The photo shows, from left, incoming President Juichi Hirasawa and President Shinichi Inoue.=March 2,2026,Tokyo

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All Nippon Airways President's Handover Press Conference

All Nippon Airways President Transition Press Conference. The photo shows, from left, incoming President Juichi Hirasawa and President Shinichi Inoue.=March 2,2026,Tokyo

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BOJ deputy governor in Kochi

Bank of Japan Deputy Governor Shinichi Uchida holds a press conference in the western Japan city of Kochi on July 23, 2025.

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BOJ deputy governor in Kochi

Bank of Japan Deputy Governor Shinichi Uchida attends an event in the western Japan city of Kochi to deliver a speech on July 23, 2025.

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ANA plane to promote 2025 World Expo

TOKYO, Japan, Dec. 12 Kyodo - All Nippon Airways Co. unveils a special Boeing 737-800 jetliner to the media at Haneda airport in Tokyo on Dec. 12, 2024, to promote the 2025 World Expo in Osaka. ANA plans to hold demonstration flights of its flying car near the venue of the Expo, which opens in April. (Kyodo)

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ANA plane to promote 2025 World Expo

All Nippon Airways Co. President Shinichi Inoue (3rd from R) poses in front of a special Boeing 737-800 jetliner introduced to promote the 2025 Osaka Expo in Osaka at Haneda airport in Tokyo on Dec. 12, 2024, before its first flight to Kansai airport in Osaka Prefecture. ANA plans to hold demonstration flights of its flying car near the venue of the Expo, which opens in April.

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ANA plane to promote 2025 World Expo

All Nippon Airways Co. President Shinichi Inoue (L) poses in front of a special Boeing 737-800 jetliner at Haneda airport in Tokyo on Dec. 12, 2024, unveiled to the media to promote the 2025 World Expo in Osaka. ANA plans to hold demonstration flights of its flying car near the venue of the Expo, which opens in April.

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ANA plane to promote 2025 World Expo

All Nippon Airways Co. President Shinichi Inoue (C, L) attends an unveiling ceremony for a special Boeing 737-800 jetliner at Haneda airport in Tokyo on Dec. 12, 2024, to promote the 2025 World Expo in Osaka. ANA plans to hold demonstration flights of its flying car near the venue of the Expo, which opens in April.

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All Nippon Airways President Inoue

All Nippon Airways Co. President Shinichi Inoue gives an interview at the airline's head office in Tokyo on May 17, 2024.

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(SP)QATAR-DOHA-FOOTBALL-AFC ASIAN CUP-GROUP C-CHINA'S HONG KONG VS THE UNITED ARAB EMIRATES

(240115) -- DOHA, Jan. 15, 2024 (Xinhua) -- Yahya Ali Alghassani (2nd R) of the United Arab Emirates is fouled by Chan Shinichi of China's Hong Kong (1st R) during the Group C match between China's Hong Kong and the United Arab Emirates at AFC Asian Cup in Doha, Qatar, Jan. 14, 2024. (Xinhua/Jiang Han)

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Tokio Marine & Nichido Fire Insurance President Change Press Conference

Tokio Marine & Nichido Fire Insurance President Change Press Conference. From left: Satoru Komiya, President of Tokio Marine HD; Hiroaki Shirota, President-Elect; Shinichi Hirose, President.=Date:December 20, 2023

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Tokio Marine & Nichido Fire Insurance President Change Press Conference

Tokio Marine & Nichido Fire Insurance President Change Press Conference. From left: Hiroaki Shirota, President-Elect; Satoru Komiya, President of Tokio Marine HD; Shinichi Hirose, President.=Date:December 20, 2023

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Tokio Marine & Nichido Fire Insurance President Change Press Conference

Tokio Marine & Nichido Fire Insurance President Change Press Conference. From left: Hiroaki Shirota, President-Elect; Satoru Komiya, President of Tokio Marine HD; Shinichi Hirose, President.=Date:December 20, 2023

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Tokio Marine & Nichido Fire Insurance President Change Press Conference

Tokio Marine & Nichido Fire Insurance President Change Press Conference. From left: Satoru Komiya, President of Tokio Marine HD; Hiroaki Shirota, President-Elect; Shinichi Hirose, President.=Date:December 20, 2023

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Tokio Marine & Nichido Fire Insurance President Change Press Conference

Tokio Marine & Nichido Fire Insurance President Change Press Conference. From left: Hiroaki Shirota, President-Elect; Satoru Komiya, President of Tokio Marine HD; Shinichi Hirose, President.=Date:December 20, 2023

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Tokio Marine & Nichido Fire Insurance President Change Press Conference

Tokio Marine & Nichido Fire Insurance President Change Press Conference. From left: Hiroaki Shirota, President-Elect; Satoru Komiya, President of Tokio Marine HD; Shinichi Hirose, President.=Date:December 20, 2023

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IWRC - Japan v France

Shimakawa Shinichi #13 of Japan and Cedric Nankin #3 of France during the International Wheelchair Rugby Cup match between Japan and France at Halle Georges Carpentier on October 20, 2023 in Paris, France. Photo by Baptiste Paquot/ABACAPRESS.COM

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IWRC - Japan v France

Shimakawa Shinichi #13 of Japan and Cedric Nankin #3 of France during the International Wheelchair Rugby Cup match between Japan and France at Halle Georges Carpentier on October 20, 2023 in Paris, France. Photo by Baptiste Paquot/ABACAPRESS.COM

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CORRECTED: BOJ deputy governor nominee

Undated photo shows former Financial Services Agency chief Ryozo Himino. Himino and Bank of Japan executive director Shinichi Uchida are being eyed as the central bank's next deputy governors, while former BOJ Policy Board member Kazuo Ueda is eyed as the next governor, a source familiar with the matter said on Feb. 10, 2023.

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Wrestling dropped from 'core sports' for 2020 Olympics

TOKYO, Japan - Japan Wrestling Federation President Tomiaki Fukuda (L) speaks at a press conference in Tokyo on Feb. 13, 2013, after the International Olympic Committee executive board decided to drop wrestling from the "core sports" for the 2020 Games. Seated next to Fukuda are Tatsuhiro Yonemitsu (C), the men's 66-kilogram freestyle gold medalist at the London Olympics, and Shinichi Yumoto, the men's 55-kg freestyle bronze winner in London.

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Elvis fan salon

FUKUOKA, Japan - Shinichi Takeda poses in front of Elvis Presley's records displayed on the wall at a salon he opened in Fukuoka for Elvis fans on Aug. 4, 2010. ''Salon Elvis'' exhibits more than 1,000 items connected to the late U.S. rock icon, including his records, posters and other memorabilia.

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Obokata failed to replicate "STAP cell" creation

TOKYO, Japan - Shinichi Aizawa (2nd from L), head of Japan's Riken verification team on the STAP cell research, attends a press conference in Tokyo on Dec. 19, 2014. The research institute announced that embattled scientist Haruko Obokata has failed in experiments to produce the cells that she previously claimed to have created.

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Obokata failed to replicate "STAP cell" creation

TOKYO, Japan - Shinichi Aizawa (2nd from L), head of Japan's Riken verification team on the STAP cell research, attends a press conference in Tokyo on Dec. 19, 2014. The research institute announced that embattled scientist Haruko Obokata has failed in experiments to produce the cells that she previously claimed to have created.

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Obokata failed to replicate "STAP cell" creation

TOKYO, Japan - Shinichi Aizawa, head of Japan's Riken verification team on the STAP cell research, attends a press conference in Tokyo on Dec. 19, 2014. The research institute announced that embattled scientist Haruko Obokata has failed in experiments to produce the cells that she previously claimed to have created.

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Obokata failed to replicate "STAP cell" creation

TOKYO, Japan - Shinichi Aizawa (C), head of Japan's Riken verification team on the STAP cell research, attends a press conference in Tokyo on Dec. 19, 2014. The research institute announced that embattled scientist Haruko Obokata has failed in experiments to produce the cells that she previously claimed to have created.

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Univ. to retain ex-reporter despite threat over "comfort women" issue

SAPPORO, Japan - Shinichi Tamura, president of Hokusei Gakuen University in Sapporo, Hokkaido, in northern Japan, holds a press conference in Sapporo on Dec. 17, 2014. Tamura said the university will renew the contract of a part-time lecturer, a former reporter for The Asahi Shimbun newspaper, for the school year starting in April despite threats to the school over the lecturer's involvement in controversial reporting on the issue of "comfort women."

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Deer surveyed at World Heritage site in north Japan

AKITA, Japan - Japanese wildlife ecology expert Shinichi Horino takes a photo in the Shirakami-Sanchi wilderness area, a UNESCO World Heritage site, in Happo, Akita Prefecture, northeastern Japan, on Nov. 11, 2014, to record the trails of Japanese wild deer, previously foreign to the region.

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Expert surveys deer at World Heritage site in Japan

AKITA, Japan - Japanese wildlife ecology expert Shinichi Horino looks for trails of Japanese wild deer in the Shirakami-Sanchi wilderness area, a UNESCO World Heritage site, in Happo, Akita Prefecture, northeastern Japan, on Nov. 11, 2014. Previously, the animal was foreign to the region.

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Univ. mulls not rehiring ex-reporter amid threats over sex slave issue

SAPPORO, Japan - Shinichi Tamura, president of Hokusei Gakuen University in Sapporo, Hokkaido, northern Japan, tells a press conference in Sapporo on Oct. 31, 2014, he is considering not renewing the contract of a part-time lecturer for the school year starting April, following threats to the university due to the lecturer's involvement in controversial reporting on the issue of wartime sex slavery. The school said in a statement it has "not made a final decision" but stressed that it regards "protecting the safety of the students as a top priority."

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Skymark discusses review of international operation plan

TOKYO, Japan - Skymark Airlines Inc. President Shinichi Nishikubo (C) holds a model of an A380 aircraft with executives of Airbus S.A.S at the Airbus head office in France in February 2011. Skymark said July 29, 2014, it is studying a major review of its plan to launch international services in fiscal 2014.

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Skymark chief Nishikubo

TOKYO, Japan - Shinichi Nishikubo, president of Skymark Airlines Inc., holds a press conference at the transport ministry in Tokyo on July 29, 2014. Nishikubo said the Japanese airline will consider a drastic review of its plan to launch international services in fiscal 2014 ending next March due to disputes regarding the introduction of Airbus A380 jets.

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High court upholds ruling against hate speech

OSAKA, Japan - Shinichi Tokunaga, the defense lawyer for Zaitokukai, a group of anti-Korean activists, answers reporters' questions in Osaka on July 8, 2014, after the Osaka High Court upheld a lower court ruling that had branded as "discriminatory" demonstrations staged near a pro-Pyongyang Korean school by the activists who used hate-speech slogans.

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2 chosen as Kansai Economic Federation deputy chiefs

OSAKA, Japan - Ryuzo Sakamoto (R), chairman of Toyobo Co., and Shinichi Otake, adviser to NTT West Corp., meet reporters after their selection as vice chairmen of the Kansai Economic Federation in Osaka on May 19, 2014.

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Alternative plan for 2020 Tokyo Olympic stadium

TOKYO, Japan - Pritzker Prize winning architect Toyo Ito (L) and Anthropologist Shinichi Nakazawa give a press conference in Tokyo on May 12, 2014. Ito proposed a plan to renovate the existing National Stadium, instead of building a whole new stadium, for the 2020 Tokyo Olympics.