The Bank of Japan raised its policy rate to around 1.25%, and the acceleration of rate hikes was said to be changing the interest-rate environment for households. Market attention is also focused on the outlook for yen depreciation.
The Bank of Japan is reported to have raised its policy rate to around 1.25%, with views emerging that the pace of rate hikes will accelerate.
In addition to higher interest burdens on housing loans and other borrowing, deposit interest rates at financial institutions may also rise.
Attention is focused on the yen's future movements and the response of financial markets, while interest is also gathering around the outlook for yen depreciation.