Daily brief
The Bank of Japan raised its key interest rate to 1%, the highest level since 1995, amid heightened inflation risks. The move marks a 31-year high and signals a shift away from decades of ultra-loose monetary policy. Deputy Governor Uchida commented at a news conference, while stocks rose and the yen was flat after the hike.
SoftBank launched a new cybersecurity service in Japan using OpenAI's models to protect against cyberattacks, as the US restricts a rival AI model.
Japan's FTC raided six ice cream makers over allegedly creating a price cartel.
A Japanese ship was damaged near the Strait of Hormuz with no injuries, while NYK expects 'early normalization' of navigation after a peace deal.
Japan's Terra Drone established a defence base in Estonia, and India's Kaynes entered Japan's chip assembly market with local partners.