{"id":199585,"date":"2025-12-19T05:11:08","date_gmt":"2025-12-19T05:11:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/199585\/"},"modified":"2025-12-19T05:11:08","modified_gmt":"2025-12-19T05:11:08","slug":"bank-of-japan-takes-policy-rate-to-0-75-a-30-year-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/199585\/","title":{"rendered":"Bank of Japan takes policy rate to 0.75%, a 30-year high"},"content":{"rendered":"<p>The Bank of Japan raised rates on Friday, taking Japan\u2019s borrowing costs to a 30-year high as inflation remains elevated, the yen trades weak against the dollar and real wages continue to fall.<\/p>\n<p>The central bank increased its short-term policy rate to 0.75% from 0.5% on Friday, following a two-day meeting. The decision was widely expected by economists and analysts.<\/p>\n<p>The move takes Japan&#8217;s interest rates above 0.5% for the first time since 1995.<\/p>\n<p>It is the first rate increase by the central bank since January.<\/p>\n<p>BOJ Gov. Kazuo Ueda is scheduled to speak later Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Japan raised rates on Friday, taking Japan\u2019s borrowing costs to a 30-year high as inflation&hellip;\n","protected":false},"author":2,"featured_media":199586,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[13601,72,113,61,5232,60,8672,33060,425],"class_list":["post-199585","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-boj","tag-business","tag-economy","tag-ie","tag-interest-rates","tag-ireland","tag-japanese-economy","tag-kazuo-ueda","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/199585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=199585"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/199585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/199586"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=199585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=199585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=199585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}