The Bank of Japan announced a decision to raise its policy rate from around 1% to around 1.25% at its Monetary Policy Meeting, which was held through the 18th. Governor Ueda is scheduled to hold a press conference afterward to explain the background to the decision and the Bank’s future policy, with attention focused on how further rate hikes will be carried out. The broadcast is scheduled to begin at 3:30 p.m., although delays may occur.
At its Monetary Policy Meeting held through the 18th, the Bank of Japan decided to raise its policy rate from around 1% to around 1.25%.
Governor Ueda is scheduled to hold a press conference later to explain the reasons for the decision, among other matters, and attention will focus on his comments regarding how further rate hikes will be carried out.