Central Banks

BOJ Expected to Raise Interest Rate, End Unorthodox Stimulus

Governor Kazuo Ueda and his fellow board members are expected to raise rates from -0.1% to a range from zero to 0.1% around lunchtime in Tokyo, with markets mostly pricing in the changes after last week’s blockbuster wage data. — Governor Kazuo Ueda and his fellow board members are expected to raise rates from -0.1% to a range from zero to 0.1% around lunchtime in Tokyo, with markets mostly pricing in the changes after last week’s blockbuster wage data.
Photographer: Maira Erlich/Bloomberg

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By Toru Fujioka

March 18, 2024 at 11:35 PM UTC

This article is for subscribers only.

The Bank of Japan appears set to raise interest rates for the first time since 2007, while also axing unorthodox measures including its yield curve control program at the end of its policy meeting Tuesday.

Governor Kazuo Ueda and his fellow board members are expected to raise rates from -0.1% to a range from zero to 0.1% around lunchtime in Tokyo, with markets mostly pricing in the changes after last week’s blockbuster wage data.