Following its monetary policy meeting, the Bank of Japan decided to raise the policy rate to 1.25%. The rate is reportedly set to reach its highest level in 31 years.
The Bank of Japan held a monetary policy meeting and decided to raise the policy rate to 1.25%. The increase is expected to bring the rate to its highest level in 31 years.
BOJ Governor Kazuo Ueda (植田和男) will hold a press conference from 3:30 p.m., where he is expected to explain the outlook for monetary policy and the background to the decision.