The Bank of Japan decided on another rate hike at its Monetary Policy Meeting, and Governor Ueda said that 'the policy phase has changed,' indicating his intention to continue raising interest rates.
The Bank of Japan proceeded with another rate hike at its Monetary Policy Meeting, following the hike in June. The decision prompted views that, while assessing price trends, the shift away from the long- and short-term monetary easing framework would move forward.
At a press conference, Governor Ueda Kazuo (植田和男) emphasized his recognition that 'the policy phase has changed' and indicated his intention to continue raising interest rates. His remarks were viewed as suggesting a continued shift in the direction of policy management going forward.
No information beyond the references in the main article has been provided regarding the market reaction or the specific timing and level, but the BOJ's statement has been reported as suggesting the possibility of further rate hikes.