Central bank raises interest rates, causing interest rates to reach a new high in 30 years, increasing the burden of housing loans for the people and harming investments.

On the 19th, the Bank of Japan decided to raise interest rates by 25 basis points, increasing the policy rate from 0.5% to 0.75%, reaching the highest level in Japan in 30 years. Chief economic analyst Hideo Kumano of Japan's Dai-ichi Life Economic Research Institute believes that the Bank of Japan's decision to raise interest rates this time is aimed at controlling prices, but it will also increase the burden of home loans for the public and harm investment.