SENGapore (Reuters) – The Bank of Japan raised interest rates on Friday in a widely expected step, reflecting its increasing optimism that wages will continue to rise and maintain inflation in a sustainable way around its 2 % goal.
The Board of Directors decided to raise the short-term policy price in BOJ to 0.5 % from 0.25 %, with a 8-1 vote. I oppose a member of the Board of Directors Toyoaki Nakamura.
Quotes:
Naoya Hasgawa, the largest bond strategy in OKASAN Securities, Tokyo
“The decision was in line with our expectations. We await comments from the Boj Governor (Kazuo) UEDA at his press conference after his meeting. Six months, so we want to know the UEDA view on it. ”
