# Bank of Japan raises interest rates to highest in 17 years, yen jumps

> The Bank of Japan raised interest rates to their highest level in 17 years, and the yen jumped. The two-year JGB yield briefly reached 0.725%, a level last seen in October 2008, before the yen gave back some of its gains after Governor Ueda's press conference.

- Date: 2025-02-01 · published 2025-02-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/26743-bank-of-japan-raises-interest-rates-to-highest-in-17-years-yen-jumps
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The rate decision strengthens the yen and tightens global financing conditions at the margin. Feed commodity prices are not directly affected.

## Sources

- reuters.com: https://www.reuters.com/markets/asia/boj-likely-raise-rates-highest-17-years-signal-more-hikes-2025-01-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.