Bank of Japan hikes interest rates to 30-year high 0.75%

The Bank of Japan on Friday raised interest rates to a quarter point, the highest level in three decades.

In a statement following its monetary policy meeting, the central bank said interest rates were raised to 0.75% from 0.50% previously, matching the consensus cited by FXStreet.

The BoJ noted that underlying consumer price inflation has continued to rise moderately, supported by firms passing wage increases through to selling prices.

The Statistics Bureau of Japan reported at 0830 JST on Friday, 2330 GMT Thursday, that consumer price index eased slightly to 2.9% in November from 3.0% in October.

"If the outlook presented in the October 2025 outlook report will be realised, the bank, in accordance with improvement in economic activity and prices, will continue to raise the policy interest rate and adjust the degree of monetary accommodation," the BOJ said in a statement.

BoJ said Friday's decision was unanimous.