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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%

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%

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.

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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)

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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)

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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.

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BOJ-hosted international conference in Tokyo

BOJ-hosted international conference in Tokyo

Donald Kohn, former U.S. Federal Reserve vice chair and senior fellow at the U.S. think tank Brookings Institution, makes a speech during an international conference hosted by the Bank of Japan's Institute for Monetary and Economic Studies at the BOJ headquarters in Tokyo on May 27, 2026.

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BOJ chief at international conference in Tokyo

BOJ chief at international conference in Tokyo

Bank of Japan Governor Kazuo Ueda (R) shakes hands with Donald Kohn, senior fellow at the U.S. think tank Brookings Institution, after making opening remarks at an international conference hosted by the BOJ's Institute for Monetary and Economic Studies at the BOJ headquarters in Tokyo on May 27, 2026.

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BOJ chief at international conference in Tokyo

BOJ chief at international conference in Tokyo

Bank of Japan Governor Kazuo Ueda makes opening remarks during an international conference hosted by the BOJ's Institute for Monetary and Economic Studies in Tokyo on May 27, 2026.

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BOJ chief at international conference in Tokyo

BOJ chief at international conference in Tokyo

Bank of Japan Governor Kazuo Ueda makes opening remarks during an international conference hosted by the BOJ's Institute for Monetary and Economic Studies at the BOJ headquarters in Tokyo on May 27, 2026.

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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)

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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)

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IMFC meeting in Washington

IMFC meeting in Washington

Saudi Arabian Finance Minister Mohammed Al-Jadaan speaks during a press conference in Washington on Apri 17, 2026, following a meeting of the International Monetary and Financial Committee, which he chaired.

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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.

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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.

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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.

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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.

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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)

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV Meets Kristalina Georgieva - Vatican

Pope Leo XIV meets Kristalina Georgieva, managing director of the International Monetary Fund (IMF) at the Vatican on January 17, 2026. Photo by (EV) Mario Tomassetti/ Vatican Media/ ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

Old Syrian banknotes sit on a counter at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An exterior view shows a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a newly issued 500-pound Syrian banknote at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

Bundles of old Syrian banknotes are stacked on the floor of a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a newly issued 50-pound Syrian banknote at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

A view shows an old Syrian 500-pound banknote (top) placed next to a newly issued one (bottom) at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

Customers stand at counters at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a fan of newly issued Syrian banknotes at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee counts old 2,000-pound Syrian banknotes at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a newly issued 25-pound Syrian banknote at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee counts stacks of 500-pound Syrian banknotes at an exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a newly issued 100-pound Syrian banknote at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a newly issued 10-pound Syrian banknote at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee arranges newly issued Syrian banknotes on a counter while customers stand behind a glass barrier at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a newly issued 200-pound Syrian banknote at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

Bundles of newly issued 100-pound Syrian banknotes are seen at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

Newly issued Syrian banknotes are arranged on a counter next to a calculator at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

  •  
Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee displays a fan of newly issued Syrian banknotes at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

  •  
Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

Bundles of old Syrian banknotes are stacked on the floor of a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

  •  
Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee counts newly issued Syrian banknotes while customers stand behind a glass barrier at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

  •  
Currency Trading Begins In Idlib - Syria

Currency Trading Begins In Idlib - Syria

An employee sits next to stacks of new Syrian banknotes at a currency exchange office in Idlib, Syria, on January 4, 2026. Exchange offices have begun replacing old banknotes with a new monetary issue following an announcement by the Central Bank of Syria. Photo by Omar Albaw/Middle East Images/ABACAPRESS.COM

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