The Bank of Japan decided at its monetary policy meeting on 18 September to raise the policy rate from around 1% to around 1.25%. Governor Ueda (植田) will explain the decision at a press conference from 3:30 p.m.
The Bank of Japan decided to raise the policy rate at its monetary policy meeting on 18 September. It has indicated plans to raise the rate, currently around 1%, to around 1.25%.
Governor Ueda (植田) will explain the decision, and a press conference is scheduled to begin at 3:30 p.m. Details of the press conference and the question-and-answer session are expected to emerge in subsequent reports.
The report is being issued as a breaking news article and has been distributed as a top story. Further explanations and reports on market reactions may follow if there are additional developments.