BOJ early rate rise bets increase as yen reaches multidecade low

The Japanese central bank is coming under pressure to act and avoid falling behind the curve on inflation, especially as oil prices creep up over $100 per barrel. (Nikkei montage/Source photos by Nanami Sato, Hikaru Yagi and AP) Trading AsiaUS-Iran tensions escalate, fueling oil price surge and inflation worriesJADA NAGUMOJuly 27, 2026 06:00 JST