The Bank of Japan decided to raise its policy rate to 1.25%, its first rate hike in three months. At an afternoon press conference, Governor Ueda (植田) indicated that the Bank would continue raising rates in response to economic conditions.
The Bank of Japan decided to raise its policy rate to 1.25% following its Monetary Policy Meeting. The pace of rate hikes was faster than the previous pattern of roughly one hike every six months.
The decision was reported as the first rate hike in three months, since June this year, drawing attention to its impact on financial markets.
On the afternoon of the 18th, Bank of Japan Governor Ueda (植田) held a press conference, where the Bank’s policy of continuing to raise rates in response to economic conditions was outlined.
Related explanatory videos and features were also released, providing commentary on the Bank of Japan’s new outlook and the market’s response.