At its monetary policy meeting on the 18th, the Bank of Japan raised its target for the unsecured overnight call rate from around 1.0% to around 1.25%. The move was reported as an additional rate hike for the first time in 3 months.
At its monetary policy meeting on the 18th, the Bank of Japan decided to raise its target for the unsecured overnight call rate, its policy rate, from around 1.0% to around 1.25%.
The increase was reported as an additional rate hike for the first time in 3 months.