National Bank of Japan
Bank of Japan raises rates to 1%, highest since 1995, in 7-1 vote
The Bank of Japan raised its policy rate a quarter point to 1.0%, the highest since 1995, citing oil-driven inflation. Governor Kazuo Ueda was absent, hospitalized.
National G7 Diplomacy
Japan's Takaichi to make first Europe trip for G7 summit in France
Prime Minister Sanae Takaichi plans to visit Britain, Italy and France between June 13 and 18, attending the Group of Seven summit in Evian in her first trip to Europe since taking office in October. G7 leaders are expected to focus on responses to advanced AI and on reducing reliance on China for critical minerals.
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Earlier coverage
- Tropical Storm Jangmi prompts evacuation advisories for 800,000 in Japan
- Takaichi unveils $19bn fuel-relief package while pledging no new borrowing as the BOJ is squeezed
- Takaichi exempts 17 strategic sectors from three-year fiscal cap in growth investment overhaul
- Tokyo governor Koike pitches green-hydrogen city network from Astana
- Takaichi unveils $19 billion extra budget to cushion fuel and import costs
- Japan’s Takaichi heads to Seoul as Tokyo deepens regional security ties
- OECD calls Takaichi's zero food-tax plan "blunt and costly" as Tokyo misses fiscal target again
- Bessent to meet Takaichi in Tokyo on Tuesday before Seoul-Beijing leg
- Japan's METI confirms late-May Moscow delegation to safeguard corporate assets
- Japan suspected of second yen-buying intervention in a week