Bank of Japan Hikes Rate by 25 bps to 1%

The Bank of Japan (BoJ) concluded its two-day monetary policy review by raising the short-term interest rate by 25 basis points to 1%, as widely anticipated.

The decision comes amid ongoing normalization efforts by the BoJ, signaling confidence in Japan's economic recovery. Markets had fully priced in the move, limiting immediate volatility in USD/JPY.