Japan raises interest rate to new 31-year high to curb rising prices

What happened

Summary: Sources report the Bank of Japan raised interest rates to a 31-year high, citing inflation concerns; one report gives the rate as 1.25 per cent.
Key point: BBC Business and CNBC report Japan's rate rise to a 31-year high, citing inflation concerns.
Key point: ABC News Business reports the Bank of Japan raised rates to 1.25 per cent, a widely anticipated move to counter inflation fuelled by high energy costs.
Key point: CNBC reports the decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting.
Qualification: BBC Business reports central banks worldwide have hiked rates as high energy prices push up inflation.