At its monetary policy meeting on the 18th, the Bank of Japan decided by a 7-2 majority to raise the target for the uncollateralized overnight call rate from around 1.0% to around 1.25%. Members Asada (浅田) and Sato (佐藤) dissented.
At its monetary policy meeting on the 18th, the Bank of Japan raised the target for its policy rate from around 1.0% to around 1.25%.
The decision was approved by a majority, with the vote split 7-2 between supporters and opponents. Members Asada (浅田) and Sato (佐藤) dissented.
The decision signals a direction toward gradually reviewing the current level of monetary easing and could affect the Bank of Japan’s monetary policy operations going forward.