Bank of Japan set to raise rates to 31-year high, vow further increases

The Bank of Japan (BOJ) is set to raise interest rates to the highest level in 31 years and vow further increases. This was reported by Qazaqyia.kz citing Reuters.

The decision, expected this week, is part of the Japanese central bank's efforts to curb inflation and support the yen. The rate hike would bring it to the highest since the early 1990s, marking a significant shift from the country's long period of low inflation and stimulus.