BOJ Governor Ueda Kazuo (植田和男) indicated that the Bank intends to consider raising the policy rate at its next Monetary Policy Meeting, scheduled for 17–18 September. 1.25% is being considered the target level, and discussions are expected to include the next meeting.
BOJ Governor Ueda Kazuo (植田和男) announced that the Bank intends to consider raising the policy rate at its next Monetary Policy Meeting. The meeting is scheduled for 17 and 18 September, and the possibility of recalibrating the stance of the current monetary-easing framework has been indicated.
The central issue in the discussion will be the level of the policy rate, with 1.25% indicated as the central target. The framework is to consider the factors relevant to the decision at the next meeting, taking into account the relationship with markets and trends in prices and growth.
Through his statement that the matter would be “discussed, including at the next meeting,” Governor Ueda indicated that the issue of whether to raise interest rates could resurface at future meetings. The specific timing and details of how the policy would be implemented will depend on the information released after the meeting.
Multiple news organizations have reported similar details, and coverage of the BOJ’s monetary policy developments is expected to continue.