The Bank of Japan raised the policy rate to 1.25% at its monetary policy meeting, indicating a level that would be the highest in approximately 31 years. The announcement was made on 18 September, and an additional rate hike within three months has been reported.
The Bank of Japan announced that it had decided on an additional rate hike at the monetary policy meeting that had just concluded, raising the policy rate to 1.25%.
The current policy rate is expected to rise from approximately 1.0% to approximately 1.25%, reaching its highest level in approximately 31 years.
The rate hike is positioned as an additional increase within three months, and attention is focused on its impact on financial markets and households.
The Bank of Japan's decision is viewed as being in line with the Kishida administration's approach to monetary policy and could affect future interest-rate trends and financial-market movements.