Caroline Hepker

The BOJ hiked borrowing costs by 25 basis points to a level not seen since 1995.

In a statement, the central bank reiterated that it will keep raising rates in response to developments in the economy and prices.

Sherry-Anne is Bloomberg's editor-at-large in Tokyo.

That was Sherry-Anne, who says that the Bank of Japan also dropped a reference to borrowing costs being significantly low in its statement.

That might indicate that the rate is approaching the lower range of its estimated neutral rate.

Now, looking at shares in SpaceX, they jumped by 20% in their second day of trading, putting the firm among the six largest public companies in the world.

The Elon Musk-run company is now worth more than $2.5 trillion.

Defiance ETF's CIO Sylvia Jablonski says it shows how excited investors are.

Jablonski's Defiance has just launched an exchange-traded fund that is leveraged to X to invest solely in SpaceX, so it doubles both potential gains but also potential losses.

Retail traders bought as much SpaceX stock in its first two days of trading as they did across the entire US stock market last week, this according to Vanda Research.

Analysts expect volatility, though, in the stock as shares that are currently in lock-up after the IPO increase.

enter the market in the coming months.

We've had a couple of...

interest rate decisions from central banks.

So, the BOJ signaling more policy normalization, moving to 1%.

It was an unusual meeting, Stephen, of course, because it was the deputy governor who was standing in for the governor, Kazuo Ueda, who's been hospitalized for treatment.

So, in the press conference, you had the deputy governor, Uchida, speaking.

Also, Australia's

Central Bank kept its interest rate unchanged, 4.35% there.

Ten-year Treasury yields this morning look steady at 4.47%.