Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold

This is the BOJ's first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.

# Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold This is the BOJ's first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/16/boj-rate-hike-historic-inflation.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*