The ECB raised rates by 25 bp on 10 September, the Federal Reserve by 25 bp on 16 September and the Bank of Japan by 25 bp on 18 September. The three policy rate increases took place around the same time, making developments at the three central banks a focus for the market.
The ECB raised its policy rate by 25 bp on 10 September, followed by the Federal Reserve with a similar 25 bp increase on 16 September. The Bank of Japan raised rates by 25 bp on 18 September, with all three central banks implementing rate hikes.
Ueno Yasuyoshi's (上野泰也) column characterizes these developments as highlighting the Bank of Japan's "weaknesses."