At its monetary policy meeting held on 18 September, the Bank of Japan decided to raise its policy rate from around 1.0% to around 1.25%. The interval since the previous hike in June was 3 months, the shortest since Governor Ueda Kazuo (植田和男) took office.
At its monetary policy meeting held on 18 September, the Bank of Japan decided to raise its policy rate from the current level of around 1.0% to around 1.25%. The decision is seen as signaling an acceleration in the conduct of monetary policy going forward.
The pace of rate hikes is accelerating, with the interval since the previous hike in June at 3 months, the shortest since Governor Ueda Kazuo (植田和男) took office.