Japan raises interest rate to new 31-year high to curb rising prices

"One of the world's last sources of ultra-cheap money is disappearing."

— Lale Akoner , Executive

"I will not hesitate to conduct more joint interventions in the future."

— Scott Bessent , Executive

"If [the yen] remains weak despite higher rates, the resulting inflation pressure could force the BOJ to tighten faster than markets or Japan's government would like."

— Lale Akoner , Executive