The Bank of Japan has conveyed to the government its policy of raising the policy rate from the current level of around 1.0% to approximately 1.25% at its next meeting, to be held on the 17th and 18th. The Bank is believed to have finalized plans to accelerate the pace of rate hikes.
The Bank of Japan is said to have conveyed to the government its policy of raising the policy rate from the current level of around 1.0% to approximately 1.25% ahead of its next Monetary Policy Meeting on the 17th and 18th. In line with the meeting schedule, the Bank is expected to proceed with its assessment based on wage increases and price trends.
The rate hike is expected to represent an acceleration from June, and future developments concerning further increases in the interest-rate level will be a focus for the market. The information released after the meeting is expected to set out the outlook for the pace of future rate hikes and organize the specific figures involved.