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日本央行將主要利率調高至1.25%，創下31年來新...

日本央行將主要利率調高至1.25%，創下31年來新高

B2🇺🇸 English → 🇹🇼 中文

September 18th, 2026

日本央行將主要利率調高至1.25%，創下31年來新高

Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

🇹🇼 中文

日本銀行在週五將基準利率從1.0%調升到1.25%。

Japan’s central bank raised its benchmark interest rate to 1.25% from 1.0% on Friday.

這是31年來的最高水準。

That is the highest level in 31 years.

日本銀行數十年來把利率維持在接近零或低於零，現在一直試圖讓貨幣政策回歸正常。

The Bank of Japan has been trying to normalize monetary policy after decades of keeping rates near or below zero.

那些低利率原本是為了對抗通縮，鼓勵借貸和支出。

Those low rates were meant to encourage borrowing and spending against deflation.

這項調升的是無擔保隔夜拆款利率，屬於短期利率。在為期兩天的政策委員會會議後，市場早已預期會升息。

The increase in the uncollateralized overnight call rate, a short-term rate, was expected after the two-day policy board meeting.

日本銀行總裁植田和男表示，這項決定考量了多項風險，包括伊朗戰爭、人工智慧需求成長以及匯率走勢。

Bank of Japan Gov. Kazuo Ueda said the decision considered risks such as the war in Iran, growing demand for artificial intelligence, and currency moves.

他向記者表示，日本經濟正在逐步復甦，通膨也接近2%的目標。

He told reporters the Japanese economy is recovering gradually and inflation is close to the 2% target.

植田指出，九名委員會成員中有兩人持反對意見，理由是擔心日本經濟成長的力道。

Two of the nine board members dissented, citing concerns about the strength of Japan’s growth, according to Ueda.

分析師表示，今年稍晚或明年初可能還會再升息一次。

Analysts have said another increase is possible later this year or early next year.

植田強調，還需要更多時間，才能觀察物價上漲是否保持穩定。

Ueda stressed that more time is needed to see if price rises stay stable.

他表示，薪資成長和其他風險都必須留意。

He said wage growth and other risks must be watched.

美國聯邦準備理事會本週也調升基準利率，這是自2023年以來首次升息，以對抗居高不下的通膨。

The U.S. Federal Reserve also raised its key rate this week, its first increase since 2023, to fight stubbornly high inflation.

美國擔心日圓走弱，已向日本施壓，要求升息。

The U.S. has pressured Japan to raise rates over concerns about the weakening yen.

兩國最近聯手干預，以支撐日圓。

The two nations recently intervened together to support the yen.

儘管日本銀行採取行動，美元仍走強，一度升破157日圓。

Despite the Bank of Japan’s move, the dollar strengthened, briefly reaching above 157 yen.

今年稍早，美元曾升破160日圓。

It had reached above 160 yen earlier this year.

日本通膨目前約在2%的目標水準，不過有些消費者抱怨物價漲得太凶，尤其是汽油和石油相關產品。

Japan’s inflation is now about the 2% target, though some consumers complain that price surges are too much, especially for gas and oil-related products.

標普全球市場財智經濟學家田口晴美表示，由於原油價格居高不下，日本銀行預料會提早再次升息。

Economist Harumi Taguchi of S&P Global Market Intelligence said that with crude oil prices elevated, the Bank of Japan is expected to raise rates again sooner rather than later.

這將降低消費者通膨超過核心通膨的風險。

This would limit the risk that consumer inflation exceeds underlying inflation.

她還說，升息可能拖累經濟，因為中小企業借貸成本會加重，房貸也會變高。

She added that higher rates may weigh on the economy through heavier borrowing costs for small and medium-sized enterprises and higher mortgages.

分析師也擔心高市早苗政府承諾的大規模公共支出，例如減稅和國防投資，因為政府債務已經不斷膨脹。

Analysts are also worried about aggressive public spending promised by Prime Minister Sanae Takaichi’s government, such as tax cuts and defense investments, when public debt is already ballooning.