The Bank of Japan is expected to hold a monetary policy meeting on 17–18 and raise its policy rate from 1% to 1.25%. Market attention is focused on the timing of the next rate hike and the terminal rate, the eventual level to which rates will be raised.
The Bank of Japan is expected to hold a monetary policy meeting on 17–18 and raise its policy rate from the current 1% to 1.25%. Governor Kazuo Ueda will hold a press conference after the meeting, with the future direction of monetary policy drawing close attention.
Market attention is focused on when the next rate hike will take place and on the terminal rate, the long-term level at which the policy rate will ultimately settle. This analysis of the press conference is expected to focus on how views regarding an acceleration in the pace of rate hikes are taking shape.
The article will continue to provide updates by explaining how to interpret the Governor's press conference, and readers should follow the content of the press conference and developments in the outlook for future rate hikes.