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BOJ's Takata: Economic Activity, Prices, and Monetary Policy in Japan
BIS Central Bankers' SpeechesLO·JP·2 days ago
The Bank of Japan raised its policy rate by 25bp to 1.25%, the highest level since 1995, signaling continued normalization. The move aligns with the BOJ's gradual tightening path, but the level marks a significant milestone. Markets will focus on forward guidance for further hikes.
The Bank of Japan (BOJ) has raised its policy rate by 25 basis points to 1.25%, marking the highest level since 1995. This move follows a US Federal Reserve rate increase and an unusual public campaign by US Treasury Secretary Scott Bessent urging tighter Japanese monetary policy. The BOJ's forward guidance on future hikes remains a key uncertainty.