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The Bank of Japan’s 1st Interest Rate Hike in 17 Years

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The Bank of Japan’s 1st Interest Rate Hike in 17 Years
The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. Kazuhiro Nogi/AFP via Getty Images
Ichiro Suzuki
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Commentary

On March 19, the Bank of Japan (BOJ) raised its interest rate paid to commercial banks’ deposits with the central bank for the first time since 2007.

Ichiro Suzuki
Ichiro Suzuki
Author
Ichiro Suzuki is an advisory group member at Mayo Center for Asset Management at Darden School of Business, University of Virginia. He is formerly a global equity strategist with Nomura Asset Management in Tokyo, Japan. He is a Chartered Financial Analyst (CFA) and has his MBA from Darden School. He lives in Tokyo.
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