The government supports the BOJ’s policy of considering a rate hike by October to preserve the effectiveness of the intervention. The Monetary Policy Meeting is expected to be held in September or October.
The Bank of Japan is reportedly considering raising its policy rate at a meeting in September or October. The government has indicated its support for an early rate hike, with a view to preserving the effectiveness of coordinated foreign-exchange intervention by Japan and the United States.
Discussions are expected to advance toward a shift in the BOJ’s monetary policy on the premise that the effectiveness of the intervention will be maintained.
The move is said to have emerged within a framework aimed at exploring the direction of interest rates while stabilizing the foreign-exchange market against the backdrop of coordinated intervention by Japan and the United States.