The Bank of Japan plans to raise its policy rate from the current level of around 1.0% to around 1.25% at its monetary policy meeting on the 17th and 18th of this month. The report was sourced to Kyodo News and published on the 8th.
The Bank of Japan has firmed up plans to raise its policy rate from the current level of around 1.0% to around 1.25% at its monetary policy meeting scheduled for this month, it emerged on the 8th. The meeting is scheduled to be held on the 17th and 18th.
The report was attributed to information from Kyodo News, and attention is focused on the formal decision to come.
Raising the current interest-rate level is expected to tighten financial conditions, but the final policy decision will depend on the outcome of discussions at the meeting.