Bank of Japan raised rates by 25 bps to 1% on June 16, 2026 – the highest since 1995. The 7-1 vote was made in Governor Ueda’s absence (hospitalised). Next hike projected at 1.25% in Q4 2026. Ankit Jaiswal and Kunal Singla at Univest analyse the impact on Indian equities, gold, and the rupee.