The Bank of Japan announced that it would raise the policy rate from around 1.0% to around 1.25% at its monetary policy meeting. This will be the first rate hike in three months, since June this year, and the shortest interval since the policy shift.
At its policy meeting on 18 September, the Bank of Japan decided to raise the policy rate from around 1.0% to around 1.25%. This will be the first rate hike in three months, since June this year, and the shortest interval between rate hikes since the policy shift.
The rate hike could push up variable-rate mortgage rates and deposit rates, and is also expected to affect housing market conditions and stock prices.
A commentary by editorial board member Ebuchi Takashi (江渕崇), who has covered the economy for many years, is expected to follow. Attention is focused on the BOJ's future policy direction and the impact on household finances.