Explained: Why Japan's Nikkei soared to lifetime high even after BOJ hiked interest rates to 31-year high
- Posted on June 16, 2026
- By Business News Today
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- 1 min read
Explained: Why Japan's Nikkei soared to lifetime high even after BOJ hiked interest rates to 31-year high
Japan's Nikkei index surged past 70,000 for the first time as the Bank of Japan raised its short-term policy rate to 1%, the highest in 31 years. The central bank's gradual tightening, coupled with diminished Middle East conflict risks, supported equities. Simultaneously, an Iran-US peace deal boosted sentiment, leading to gains in India's Sensex and Nifty.
