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Financial Timesglobal

Yen sinks after BoJ raises rates to highest level since 1995

Financial Times
Friday, September 18, 2026 at 9:46 AM
~4 min read

Original Report

Hawkish comments by BoJ governor fail to arrest renewed slide in currency after borrowing costs lifted to 1.25%

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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