The Bank of Japan raised its policy rate to 1.25% and accelerated the pace of rate hikes. The shift in the monetary policy phase has been suggested against a backdrop of inflation risks.
The Bank of Japan's policy rate was raised to 1.25% in the latest move, pushing monetary policy further in the direction of tightening.
The pace of rate hikes is reportedly set to accelerate from its previous level, as the move is seen as a response to rising inflation risks.
This article includes charts showing the Bank of Japan's policy rate trends, as well as photos and images highlighting key points from the Monetary Policy Meeting.