BOJ Set to Hike Rates to Highest Since 1995 Despite Ueda Absence (opens original article in a new tab)

The Bank of Japan is set to increase its benchmark interest rate to the highest level since 1995 at its first policy meeting without the governor, addressing inflation risks and a weakening yen.

• The Bank of Japan is expected to raise its benchmark interest rate to the highest level since 1995 at its first policy meeting without the governor in attendance.
• The rate hike is anticipated to be a quarter percentage point to 1%, reflecting concerns over inflation risks and a weakening yen.
• Deputy Governor Shinichi Uchida will lead the post-meeting press conference, with investors monitoring his statements for insights into future policy directions.