the Bank of Japan (BoJ) will raise interest rates in the June policy meeting, Reuters reports.
According to sources, the Bank of Japan (BoJ) will raise interest rates in the June policy meeting, Reuters reports. The report also states that the central bank is leaning towards pausing or slowing the pace of its bond-buying taper from Fiscal 2027.
Market reaction No immediate action seen in the Japanese Yen (JPY), following headlines from Reuters. As of writing, USD/JPY trades 0.13% lower at around 159.90. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country.
Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity.