Bank of Japan Raised its short-term policy rate from 0.25% to 0.5%
Posted: Jan 24, 2025
- BOJ Governor Kazuo Ueda plans to continue raising interest rates as wage and price increases broaden
- BOJ sees scope to push up borrowing costs further before they reach neutral levels
- Timing and pace of future rate hikes will depend on when Japan will see sustainable inflation hit BOJ's target
- Decision on rate hikes will be made based on economic and price developments and risks at each policy meeting
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