Bank of Japan Governor Kazuo Ueda’s policy board increased the rate by 0.2 percentage points to 0.75 percent, in a unanimous decision, the bank said in a statement. The central bank cited the rising likelihood of its economic outlook being realized. Bank of Japan Governor Kazuo Ueda speaks at a news conference in Tokyo yesterday. The central bank sees the rate as roughly somewhere between 1 percent and 2.5 percent. “Maybe two rate hikes in 2026 and one more in 2027, reaching the level of 1.5 percent,” Momma added.
