The BOJ raised its policy rate by 25 basis points to 1.25% at its Monetary Policy Meeting on the 18th. The vote was split, with 2 Policy Board members dissenting, adding to pressure on the yen.
The BOJ raised its policy rate by 0.25 percentage points to 1.25% at its Monetary Policy Meeting on the 18th. The vote was split, with 2 Policy Board members dissenting.
The yen fell as much as 0.8% against the dollar to ¥157.14, compared with the low ¥156 range before the BOJ’s announcement. It was a roughly two-week low, the first in three days.
Following the BOJ’s announcement, Governor Ueda Kazuo (植田和男) is scheduled to hold a press conference at 3:30 p.m.