Bank of Japan set to raise interest rates to 31-year high
The move would lift borrowing costs to a 31-year high as officials weigh inflation risks, weak yen pressure and the pace of future hikes.
9 Articles
9 Articles
BOJ set to raise policy rate at 2-day meeting to counter inflation risks
The Bank of Japan is expected to raise its policy interest rate to a 31-year high of 1.25 percent from 1 percent at a two-day policy meeting from Thursday in a bid to contain mounting inflationary risks from higher oil prices and a weak yen.
The Bank of Japan is expected to raise its base interest rate to 1.25% to stabilize prices and defend against the weak yen. Ahead of reaching its highest interest rate in 31 years, the market is closely watching for signals from Governor Kazuo Ueda regarding the pace of future rate hikes, as well as the ripple effects that a strong yen will have on global stock markets and the won exchange rate.
A historic monetary decision looms in Asia. The Bank of Japan (BOJ) is poised to announce a hike in its benchmark interest rate to its highest level in 31 years. The decision...
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