The Bank of Japan plans to hold its next Monetary Policy Meeting on the 17th and 18th and is expected to raise the policy rate from its current level of around 1.0% to around 1.25%. The increase could bring the rate to its highest level in 31 years.
The Bank of Japan plans to raise the policy rate from its current level of around 1.0% to around 1.25% at its next Monetary Policy Meeting, to be held on the 17th and 18th. The meeting dates are believed to have been officially set.
Markets are pricing in an increase of around 0.25 percentage points, which could take the policy rate to an unprecedentedly high level.
This article is awaiting further updates, and attention should be paid to the announcement of the formal decision.