Bank of Japan to raise rates to 1.25%, highest in 31 years, at September meeting (Jiji Press)

The story

The Bank of Japan has finalized its policy of raising the policy rate by 0.25 percentage points to 1.25% at its monetary policy meeting on 17-18 September.

The policy rate is expected to be raised to 1.25%, a level not seen since April 1995.

Reports at this stage say that the Bank of Japan has finalized its policy for the day, while formal approval is expected at the September meeting.

At a glance

DateThe Bank of Japan is expected to make the decision at its 17-18 September meeting

LevelThe policy rate is expected to be set at 1.25%

ChangeThe policy is to raise the policy rate by 0.25 percentage points

SignificanceThe Bank of Japan's policy rate is expected to reach its highest level in 31 years

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What it links to

Policy Rate Hikes and the Transition to a World with Interest RatesStrongly related1 companies

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