Bank of Japan may raise policy rate from 1% to 1.25%; next week's meeting to discuss first rate hike in three months as inflation risks accelerate pace

The story

The Bank of Japan is reportedly scheduled to hold a meeting next week to decide on its future monetary policy. Discussions are expected to focus on raising the policy rate from the current 1% to 1.25% to contain the risk that prices will exceed expectations.

Within the Bank of Japan, discussions are expected to center on a rate hike for the first time in three months, in line with the government's measures to address rising prices. It has also been reported that the size and timing of the hike could be decided later depending on market developments and actual price trends.

At a glance

Policy rateDiscussions are moving toward raising it from the current 1% to 1.25%

Meeting datesMonetary policy meeting to be held next week

PurposeMeasures to contain the risk of rising prices

BackgroundThe Bank of Japan is considering its first rate hike in three months

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