The BOJ plans to raise its policy rate from around 1.0% to around 1.25% at this month's meeting, it has emerged. A rate of 1.25% would be the highest level in about 31 years.
At its next Monetary Policy Meeting, to be held on the 17th and 18th, the BOJ plans to decide on raising its policy rate from the current level of around 1.0% to around 1.25%, it emerged on the 8th.
A policy rate of 1.25% would be the highest level in about 31 years. The move would address the risk that higher crude oil prices and yen depreciation will push up prices more than expected.
If the BOJ decides to raise rates, it would be the first hike in 3 months, since the June meeting, accelerating the pace of rate increases. The BOJ will review economic and price conditions through the meeting before making a final decision.