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Japanese Media: Bank of Japan Expected to Raise Interest Rates to 0.75%, Highest in 30 Years
Summary: According to Nikkei News, the Bank of Japan will hold a monetary policy meeting on December 18-19 to raise the current policy interest rate of 0.5%, which is now in the final coordination stage. The most likely scenario is a 25 basis point increase to 0.75%, reaching the highest interest rate level in 30 years ...
According to Nikkei News, the Bank of Japan will hold a monetary policy meeting on December 18-19 to raise the current policy interest rate of 0.5%, which is now in the final coordination stage. The most likely scenario is a 25 basis point increase to 0.75%, reaching the highest interest rate level in 30 years since 1995. Bank of Japan Governor Haruhiko Kuroda and other executives have hinted at submitting a proposal to raise interest rates. A survey shows that more than half of the 9 policy board members, including the Governor and Deputy Governor, are expected to support the rate hike. Currently, no policy board member has clearly stated opposition to the rate hike, and the Japanese government generally approves of the move. The Bank of Japan will make a final decision after assessing the possibility of a stock market crash and sharp appreciation of the yen causing market turmoil. If the rate hike is implemented on Friday, it will be the first increase in policy rates by the Bank of Japan in 11 months since January 2025.
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Link: Japanese Media: Bank of Japan Expected to Raise Interest Rates to 0.75%, Highest in 30 Years [Copy]
