Bank of Japan raises rate to 1.25%, highest in 31 years — SkimNews
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- Bank of Japan raised its benchmark interest rate to 1.25%, the highest level in 31 years, a figure echoed across AP News, the New York Times, and CNBC
- The New York Times framed the decision as "muddied by U.S. Pressure," while CNBC noted the BOJ "flagged concerns over inflation"; the yen swung as markets digested the announcement
Why it matters: The cross-coverage split is the story: AP leads on the rate itself, NYT injects an unusual U.S.-pressure angle, and CNBC surfaces the BOJ's own inflation warning — together signaling a hike shaped by both external political pressure and domestic price concerns.
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