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Nikkei: The Bank of Japan (BOJ) plans to raise its policy interest rate to 1.25% at next week's policy meeting.
According to Nikkei, the Bank of Japan (BOJ) plans to raise its key interest rate from the current 1% to 1.25% at its Policy Board meeting on September 17-18. This move aims to curb inflationary pressures and address rising crude oil prices and the depreciation of the Japanese Yen. If this rate hike materializes, it would be the shortest interval between two rate hikes since the current tightening cycle began in March 2024.
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