BOJ poised to raise interest rates next week
Sources indicate the Bank of Japan is prepared to raise interest rates by 25 basis points to 1.25 percent at its upcoming meeting. Officials remain vigilant about inflation risks while keeping their options open on the future pace of policy tightening.
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Japan's central bank is preparing to raise interest rates by 25 basis points next week, pushing its policy rate to 1.25%, four people familiar with the matter said on Thursday. The move would lift borrowing costs to levels not seen in 31 years amid growing price pressures. Policymakers are weighing faster tightening to combat inflation risks even as the USD/JPY exchange rate stabilizes.
