The Bank of Japan announced its decision to raise the policy rate to 1.25%, but the yen has continued to weaken. Reports also indicate that 2 committee members opposed the rate hike, while Governor Ueda (植田) is scheduled to hold a press conference from 3:30 p.m. Market attention is focused on the pace of future rate hikes.
The Bank of Japan announced at its monetary policy meeting that it would raise the policy rate to 1.25%.
The yen has continued to weaken since the announcement, and 2 committee members were reported to have opposed the rate hike.
Governor Ueda (植田) is scheduled to hold a press conference from 3:30 p.m., with market attention focused on views regarding the pace of future rate hikes.