Japan Raises Interest Rates to 31-Year High Under U.S. Pressure NYT - Business By: River Akira Davis 18 September 2026 at 09:00 The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for higher rates. © Kazuhiro Nogi/Agence France-Presse — Getty ImagesThe Bank of Japan governor, Kazuo Ueda, indicated that underlying inflation was approaching the central bank’s 2 percent target after months of steady signals.
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