Back to today’s briefing

Story perspectives

BOJ Raises Rate to 1% as Yen Slumps, Ueda Hospitalized

6/12/2026

41 7

Summary

Story summary

The Bank of Japan will raise its short-term policy rate to 1% from 0.75% at the June 15-16 meeting.
The hike addresses inflation from higher energy costs tied to the Middle East war and a yen near 160 per dollar.
Deputy Governor Shinichi Uchida will brief the market as Governor Kazuo Ueda misses the meeting due to a two-week hospital stay for an infected liver cyst.

1 of 1

Story summary

The Bank of Japan will raise its short-term policy rate to 1% from 0.75% at the June 15-16 meeting.
The hike addresses inflation from higher energy costs tied to the Middle East war and a yen near 160 per dollar.
Deputy Governor Shinichi Uchida will brief the market as Governor Kazuo Ueda misses the meeting due to a two-week hospital stay for an infected liver cyst.