📍 BoJ has raised interest rates from 0.5% to 0.75%, the second increase of the year, with an unanimous vote of 9-0.

This is the highest interest rate since 1995. A milestone that Japan has not reached in nearly 30 years of cheap money.

BOJ affirms it will continue to raise interest rates if the economic and inflation scenarios unfold as forecasted.

Hoping to achieve the long-term 2% inflation target through wage increases (a factor Japan has overlooked for decades)

BOJ still deliberately remains vague about the neutral interest rate (with an estimated range of 1.0%-2.5%), the Yen continues to fall.