BOJ to raise rates again by July, eventually eye hike to 1.5%, says ex-policymaker
The Bank of Japan will likely raise interest rates again around June or July, and seek to triple its policy rate to at least 1.5% in the next two years, former BOJ board member Makoto Sakurai said on Tuesday.
BOJ to discuss raising key rate to around 0.5%
The Bank of Japan is holding a policy meeting from Thursday, with attention on whether it will raise interest rates again for the first time since July.
Bank of Japan raises rates to highest in 17 years
Japan's central bank has increased the cost of borrowing to its highest level in 17 years after consumer price rises accelerated in December. The move by the Bank of Japan (BOJ) to raise its short-term policy rate to "around 0.5 per cent" comes just hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
BOJ raises interest rates to highest in 17 years
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
BOJ Raises Short-Term Interest Rates to 0.5% in Widely Expected Move
The board decided to raise the BOJ's short-term policy rate to 0.5% from 0.25% by an 8-1 vote. Board member Toyoaki Nakamura dissented to the decision. BOJ Governor Kazuo Ueda is scheduled to hold a press conference at 3:30 p.m. (0630 GMT) to explain the policy decision.
Japanese Starting to Feel Pain of BOJ Rate Hikes More Concretely
Japanese people are feeling the impact from higher interest rates at a more personal level, according to analysis of social media activity following the central bank’s latest policy decision.
BOJ board signalled intent to keep hiking rates, December meeting minutes show
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Hawkish BOJ policymaker calls for rates to rise to at least 1%
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BOJ discussed neutral rate estimate at December meeting, minutes show
Bank of Japan board members discussed how the central bank should use estimates on the economy's neutral interest rate in ...
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BOJ may revert to fuzzy communication after Fed-style rates clarity
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BOJ raises policy rate to 0.5%, highest since 2008 amid sustained inflation and rising wages
The Bank of Japan (BoJ) has raised its key short-term interest rate by 25 basis points to 0.5%, marking the highest level ...