The Bank of Japan decided at its Monetary Policy Meeting on 18 September to raise the policy rate from its current level of around 1% to around 1.25%. Governor Ueda is scheduled to hold a press conference from 3:30 p.m.
The Bank of Japan announced its decision to raise the policy rate at its Monetary Policy Meeting. It indicated that the current rate would be raised from around 1% to around 1.25%.
The decision was formally announced at the meeting on 18 September, with further explanations expected to be provided at a press conference by Governor Ueda.
The announcement stated that the press conference on the decision was scheduled for 3:30 p.m. Further details of the policy are expected to be addressed at the press conference.
Although the article also contains details of other economic news, the Bank of Japan’s rate hike decision is presented as the most important event.