At its policy meeting on 18 September, the Bank of Japan decided by a majority vote to raise its current policy rate from 1.0% to 1.25%. The decision was made at a meeting held on the day after the previous meeting.
At its monetary policy meeting held on 18 September, the Bank of Japan decided by a majority vote to raise its current policy rate from 1.0% to 1.25%. The meeting was held on the day after the previous meeting, and the rate hike is widely viewed as potentially affecting market interest rate levels.
Photographs showed Governor Ueda Kazuo (植田和男) attending the meeting and entering the Bank of Japan's headquarters. Multiple committee members were reportedly in favor of the decision, and the timing of the minutes' release is expected to be announced separately. The background to the rate hike and future developments will need to be monitored through the Bank of Japan's official announcements and upcoming economic indicators.