Global military spending reached a record $2.9 trillion in 2025, according to the Stockholm International Peace Research Institute. The figure marks the 11th consecutive year of growth in worldwide defense expenditures.

The yen rises against the dollar after the Bank of Japan keeps its benchmark interest rate unchanged. Three of the nine policymakers dissented against the decision.

The Bank of Japan maintained its benchmark interest rate, though three of the nine board members dissented against the decision, causing the yen to rise against the dollar.

Global military spending hits a record $2.9 trillion, marking 11 consecutive years of growth as major powers including the U.S., China, and Russia increase defense budgets amid rising geopolitical tensions.

Global military spending reached a record $2.9 trillion, marking 11 consecutive years of growth as the United States, China, Russia, and European nations increase their defense budgets.

Bank of Japan plans further rate hikes, aligning with economic activity, price trends and market conditions.

Bank of Japan says it plans to keep increasing interest rates in step with shifts in economic activity, price trends, and financial market conditions.

Bank of Japan holds interest rates steady while raising inflation forecasts, citing economic uncertainty stemming from the conflict in Iran.

The Bank of Japan has maintained its current policy rate while increasing its inflation forecast, citing concerns over the ongoing conflict in Iran.