The Bank of Japan raises interest rates! Benchmark interest rates hit the highest level since 1995, and the market is starting to bet on "raising rates every six months."

According to the Securities Times APP, the Bank of Japan announced an interest rate hike as expected by the market, raising the benchmark interest rate to its highest level in 30 years, and indicating that further rate hikes may be made in the future if conditions allow. This latest development indicates that the Bank of Japan is increasingly confident in achieving its long-standing goal of stable long-term inflation and wage growth. The Bank of Japan has raised borrowing costs to their highest level since 1995, and the monetary policy statement suggests that the rate hike path is not yet complete. This has led financial markets to speculate that the Bank of Japan will raise interest rates every six months until they reach around 1.5%.