
Bank of Japan Raises Rate to 31-Year High of 1.25 Percent in Split Vote
Bank of Japan raises rate to 1.25 percent, a 31-year high, in a 7-2 vote. Yen weakens above 157. Governor Ueda says policy enters new phase on inflation risks.

Buffett, 96, becomes chairman emeritus and stays on the board; Howard Buffett, 71, a director since 1993, takes the chair at the roughly $1.1tn conglomerate.

Bank of Japan raises rate to 1.25 percent, a 31-year high, in a 7-2 vote. Yen weakens above 157. Governor Ueda says policy enters new phase on inflation risks.

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