BOJ holds policy rate at 1.25%; achieving 2% price target strengthens prospects for further rate hikes

The story

The Bank of Japan left its policy rate at 1.25% on the 30th. It had previously raised rates by 0.25 percentage points last month, the first hike in 3 months.

With the price target set at 2%, there is a view that additional rate hikes will come into focus once achievement of the target is confirmed.

At a glance

Policy rate levelThe BOJ left the policy rate at 1.25%.

Past rate hikesRaised rates by 0.25 percentage points last month, for the first time in 3 months.

Progress toward the price targetView that achieving the 2% price target would lend momentum to additional rate hikes.

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What it links to

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.