Bank of Japan

Bank of Japan raises interest rates to 31-year high in widely expected move

The central bank decides to raise its short-term policy rate to 1% from 0.75% by a 7-1 vote

At its June 15 to 16 meeting, the BOJ will review its bond taper plan, running through March next year, and lay out a new plan for fiscal 2027 and beyond.

Bank of Japan to consider pausing bond taper next fiscal year, sources say

The BOJ is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s meeting.

The BOJ will likely stress its resolve to keep raising rates as the energy shock, rising import costs from a weak yen and a tight labour market fan inflation risks.

Bank of Japan set to hike rates to 31-year high, drop hawkish signals

The decision would align the BOJ with other central banks shifting towards tighter policy

Bank of Japan governor Kazuo Ueda’s absence is unlikely to shift expectations of a hike.

BOJ governor Ueda’s absence fuels market nerves over rate meeting

Ueda is expected to miss the BOJ’s meeting and will refrain from casting a vote

At its Jun 15 to 16 meeting, the BOJ will review its bond taper plan, running through March next year, and lay out a new plan for fiscal 2027 and beyond.

Bank of Japan to consider pausing bond taper next fiscal year: sources

It is also expected to raise its short-term policy rate to 1% from 0.75% at next week’s meeting

A spike in wholesale inflation has alarmed policymakers over the fast pace at which companies are passing on costs.

BOJ expected to raise interest rates in June: sources

Markets are pricing in an 80% chance that the bank will raise its short-term policy rate to 1% from 0.75%

Bank of Japan governor Kazuo Ueda appeared to dismiss the weaker inflation data, as he said the BOJ expects prices to pick up due to oil prices.

BOJ’s Ueda signals good chance of June hike as price risks rise

So long as the Middle East turmoil calms and inflation reaches 2%, the central bank will raise rates, he says