Japan's central bank has raised its benchmark interest rate to 1 percent, the highest level since 1995. According to Al Jazeera, the Bank of Japan continues its historic exit from decades of ultra-low borrowing costs—a seismic shift in the monetary policy that has anchored the Japanese economy for over thirty years.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton