The Zhitong Finance App learned that the Bank of Japan announced an interest rate hike as expected by the market, raising the benchmark interest rate to the highest level in 30 years in one fell swoop, and indicated that if conditions permit, it will raise interest rates further in the future. This latest development shows that the Bank of Japan is increasingly convinced that it can achieve the long-term stable inflation and stable wage growth targets it has been pursuing for more than 10 years. The Bank of Japan raised borrowing costs to the highest level since 1995, and the monetary policy statement revealed that the interest rate hike path is not over, causing financial markets to bet that the Bank of Japan will raise interest rates at a semi-annual pace until it reaches around 1.5%.

The Zhitong Finance App learned that the Bank of Japan announced an interest rate hike as expected by the market, raising the benchmark interest rate to the highest level in 30 years in one fell swoop, and indicated that if conditions permit, it will raise interest rates further in the future. This latest development shows that the Bank of Japan is increasingly convinced that it can achieve the long-term stable inflation and stable wage growth targets it has been pursuing for more than 10 years. The Bank of Japan raised borrowing costs to the highest level since 1995, and the monetary policy statement revealed that the interest rate hike path is not over, causing financial markets to bet that the Bank of Japan will raise interest rates at a semi-annual pace until it reaches around 1.5%.