The Bank of Japan is expected to raise its policy rate from the current 1.0% to 1.25% at its monetary policy meeting beginning on the 17th. The move is intended to contain the risks of rising prices against the backdrop of higher crude oil prices caused by tensions in the Middle East.
The Bank of Japan is expected to hold a monetary policy meeting beginning on the 17th, and is reported to be planning to raise its policy rate from the current 1.0% to 1.25%. The surge in crude oil prices has pushed up transaction prices between companies, and is expected to affect consumer prices in the future.
Some within the Bank of Japan are said to have warned that the situation “cannot simply end with higher prices,” underscoring the need to contain price risks against the backdrop of external shocks such as higher crude oil prices. The policy is expected to be formally decided on the 18th.