Following the Bank of Japan’s decision to raise its policy rate to around 1.25%, experts suggested that interest rates could rise to around 2% in the future. The view is that households and companies will need to prepare for higher interest rates.
On the 18th, the Bank of Japan decided to raise its policy rate to around 1.25%. The move is expected to affect funding costs for markets, households and companies.
Experts said the Bank of Japan could ultimately raise interest rates to around 2%, and warned that close attention should be paid to future interest-rate trends.
The article indicates that it will be important for households and companies to prepare on the assumption that interest rates will rise.