The Bank of Japan decided to raise its policy rate from the current 1.0% to 1.25%. The rate hike is the first in three months since the June meeting and calls on households and companies to prepare.
The Bank of Japan decided at its Monetary Policy Meeting to raise its policy rate from around 1.0% to around 1.25%. This will raise the effective level of interest rates.
The rate hike is described as the first in three months since the June meeting, and the article contains wording referring to negative interest rates in March 2024. Taking this point into account, the article calls on households and companies to strengthen their preparations.