Bank of Japan Raises Interest Rate to 31-Year High Amid Inflation Concerns

The Bank of Japan has raised its benchmark interest rate to a 31-year high amid inflation concerns, according to a report by CNBC. The central bank's policy decision was approved with a 7-2 vote, with Deutsche Bank's Asada and Ayano Sato opposing the rate hike. The Bank of Japan's official website has not yet published the details of the policy decision as of the 18th.

The impact of this interest rate increase on the yen, global liquidity, and cryptocurrency markets requires further verification.