The Bank of Japan raised its policy rate to 1.25% at its Monetary Policy Meeting, marking the first rate hike in 3 months. The decision was made by a majority vote, with 7 members in favor and 2 against. Governor Ueda (植田) is scheduled to hold a press conference from 3:30 p.m.
The Bank of Japan decided at its Monetary Policy Meeting to raise the policy rate from the current level of 1.0% to 1.25%. This marks the first rate hike in 3 months.
The decision passed by a majority of the 9 committee members, with 7 voting in favor and 2 against. Some market participants believe the move had already been priced in. Governor Ueda (植田) is scheduled to hold a press conference from 3:30 p.m., and his views on the possibility of further rate hikes will be closely watched.