The Bank of Japan raised its policy rate to 1.25%, deciding on its first rate hike in three months. At a press conference, Governor Ueda (植田) indicated that the Bank would continue raising rates depending on developments.
The Bank of Japan decided to raise its policy rate at its monetary policy meeting. This was the first rate hike since June this year, and came at a faster pace than the previous six-month interval.
The policy rate now stands at 1.25%. The Bank cited an appropriate response based on the outlook for economic conditions as the background to the hike. At a press conference, Governor Ueda (植田) indicated that the Bank would continue raising rates depending on developments.
The Bank of Japan is understood to intend to continue adjusting financial conditions while monitoring price and economic trends. Reports from various outlets are also focusing on the decision.