# Japan hikes rates to highest since 2008 as sustained inflation, rising wages

> The BoJ raised its policy rate to 0.5%, the highest since 2008, in an 8-1 vote with Toyoaki Nakamura dissenting. The yen strengthened 0.6% to 155.12 per dollar, and the Nikkei 225 rose marginally.

- Date: 2025-01-24 · published 2025-01-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/26745-japan-hikes-rates-to-highest-since-2008-as-sustained-inflation-rising-wages
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The hike signals a steady move toward normalising Japanese policy, which can support the yen against the dollar. The direct impact on feed commodity prices is negligible.

## Sources

- cnbc.com: https://www.cnbc.com/2025/01/24/bank-of-japan-hikes-policy-rates-by-25-basis-points-to-highest-since-2008.html

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