Bank of Japan raises policy rate to 1%, first time in 31 years

Bank of Japan raises rates to 1% for first time in 31 years On the 16th, the Bank of Japan raised its policy rate from 0.75% to 1%. In response to inflation risks stemming from Middle East tensions and rising oil prices, the decision was made by a 7-to-1 majority vote. This marks the highest level since 1995. 123

Nikkei average hits 70,000 yen for first time, records new highs for third consecutive day On the 16th, the Nikkei average temporarily reached 70,020 yen, marking the first time it has entered the 70,000 yen range, and closed at 69,902 yen on the 17th, updating its record high for the third consecutive day. Buying in AI and semiconductor stocks, along with expectations for US-Iran peace, drove the rise. 45

May exports up 17%, led by semiconductors and automobiles According to the Ministry of Finance, exports rose 17% year-on-year, marking the highest growth in over three years. Semiconductors increased by 61.2%, and automobiles by 16.4%. Exports to China and the US were strong, but those to the Middle East fell by 32%, with the yen's depreciation also providing a boost. 6