The Bank of Japan has increased its key policy rate by 25 basis points to 0.75%, the highest level in 30 years. This decision has caused the Yen to weaken in the market.

The last time the Bank of Japan raised its key policy rate to this level was back in 1991. This move comes as the central bank aims to address inflation concerns and stabilize the economy.

The decision to raise rates by the Bank of Japan is seen as a response to rising inflation and the need to prevent overheating in the economy. The move has been met with mixed reactions from market analysts and investors.

Read more at Google: Bank of Japan Rate Decision Live: BoJ raises its key policy rate 25 bps to 0.75%, highest in 30 years; Yen weakens – livemint.com