Hello r/japan. I'm Yasumi from the audience engagement team at Nikkei Asia. I’m sharing an excerpt from the above story for anyone interested in this community. Thank you.
TOKYO — The Bank of Japan is moving to raise its policy rate at the Dec. 18-19 monetary policy meeting with a 25-basis-point increase from 0.5% to 0.75% emerging as the leading option, Nikkei has learned. That will lead to a level not seen since 1995.
Gov. Kazuo Ueda and his executive team have signaled they intend to submit the rate-hike motion. A majority of the nine Policy Board members, including the governor and deputy governors, is expected to support the proposal.
This would be the first hike since January 2025. Japan's bubble economy burst in the 1990s and the BOJ cut the then-key official discount rate from 1.0% to 0.5% in September 1995. A policy rate above 0.5% would be the first since that era.
by NikkeiAsia