The Bank of Japan plans to raise its policy rate from around 1.0% to around 1.25% at its meeting on the 17th and 18th of this month, according to sources. The decision is expected to be announced at the meeting, with the timing of the rate increase likely to be a key focus.
The Bank of Japan plans to raise its policy rate from around 1.0% to around 1.25% at its monetary policy meeting this month, according to sources. The decision is scheduled to be announced on the 17th and 18th, with attention focused on the formal decision regarding the precise size of the increase.
According to people familiar with the matter, the meeting is expected to consider developments in prices and financial market conditions, with the merits and timing of a rate hike likely to be key issues. The decision could also affect market reactions and the direction of monetary policy going forward.
The report was issued by Kyodo News, and attention in subsequent updates will focus on whether they provide further details on the final timing of the rate hike or refer to other policy conditions.