The Bank of Japan is reportedly expected to hold a monetary policy meeting from the 17th and change the policy rate from the current 1.0% to 1.25% on the 18th.
The Bank of Japan is scheduled to hold a monetary policy meeting from the 17th, with attention focused on the overall direction of monetary policy going forward. The Bank is reportedly expected to decide at the meeting to raise the policy rate.
According to reports, the Bank is expected to decide on the 18th to change the policy rate from the current 1.0% to 1.25%. Surging crude oil prices and a prolonged period of yen weakness have been cited as risks to higher prices.
It has been pointed out that consumer prices could also be affected going forward, as prices for goods traded between companies have remained high partly due to the impact of the situation in the Middle East. There is a view that the need to curb these price increases is shared within the Bank of Japan.