The Bank of Japan has firmed up its plan to raise its policy rate from the current level of around 1.0% to around 1.25% at its next policy meeting. The meeting will be held on the 17th and 18th, and the pace of rate increases is expected to accelerate in response to rising prices.
The Bank of Japan has firmed up its plan to raise interest rates at next week's monetary policy meeting and is adjusting policy toward raising the current level of around 1.0% to approximately 1.25%. The move is believed to be aimed at strengthening the response to rising prices.
The meeting is scheduled for the 17th and 18th, and the policy rate is expected to be raised from its previous level. As the government and markets closely watch developments, the direction of accelerating the pace of monetary policy is being signaled.