US Edition[Opinion] BOJ Members Agree on Need to Continue Raising Rates, Minutes Show
4 Articles
4 Articles
BOJ members agree on need to continue raising rates, minutes show
TOKYO, Jan 28 : Bank of Japan policymakers agreed on the need to keep raising interest rates, with some emphasising the role of a weak yen on underlying inflation and the timing of the next interest rate hike, minutes of their December meeting showed on Wednesday.The remarks highlight the board's readiness to
According to the minutes of the Bank of Japan's monetary policy meeting held on December 18 and 19 last year, which was released on the 28th, a policy committee member expressed the opinion that "timely interest rate hikes could curb inflationary pressures in the future and lead to the suppression of long-term interest rates."
What everyone is looking for is signs of Japanese capital abroad returning home. That would create upward pressure on interest rates abroad, writes Viktor Munkhammar.
On the 19th, at its final monetary policy meeting for 2025, the Bank of Japan raised its policy interest rate to 0.75%. The three major megabanks followed suit by issuing releases on the same day announcing that they would raise their ordinary deposit interest rates to 0.300%. Other banks have also begun to follow suit.
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