The Bank of Japan is expected to reach a final decision to raise its policy rate to 1.25%, taking it to a 31-year high. The move is reportedly prompted by the need to address upside risks to prices.
The Bank of Japan is considering raising its policy rate to 1.25%, which would put it above the current level. The rate increase is expected to be a focus of monetary policy going forward.
The move is being considered against the backdrop of risks that prices could rise more than expected, and could take the policy rate to a 31-year high.