BOJ Raises Rates to Highest in 30+ Years, Ends Zero-Rate Era

The Bank of Japan has raised its key interest rate to the highest level in over three decades, formally ending its prolonged zero-rate policy. While the rate remains low relative to other major economies, the move signals a significant policy shift with potential implications for global capital flows and the yen. The exact rate level and forward guidance are not specified, leaving uncertainty about the pace of future tightening.