Japan increases interest rates to highest level since 1995
The Guardian · September 18, 2026Original source ↗
What happened
The Bank of Japan raised its target interest rate from 1% to 1.25%. This increase is the highest rate set by the central bank since 1995.
Why it matters
The interest rate hike is significant as it reflects attempts to address global inflation concerns.
How this story affects people
How does this story affect you if you are a borrower in Japan?
This interest rate increase will raise the cost of borrowing, affecting loans and mortgages. Higher rates could lead to increased monthly payments, making it more expensive for individuals and families to finance their homes and other purchases.
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