The Bank of Japan raised its policy rate by 25bps to 1.00% at this month's policy meeting, the highest level since 1995, and signalled further normalization of monetary policy. The central bank said it will keep monthly government bond purchase volumes unchanged from April 2027, effectively stopping its tapering plan. The moves were widely expected by economists and market participants. The decision passed 7-1, with Toichiro Asada casting the lone dissent; the meeting was held without the govern

The Bank of Japan raised its policy rate by 25bps to 1.00% at this month's policy meeting, the highest level since 1995, and signalled further normalization of monetary policy. The central bank said it will keep monthly government bond purchase volumes unchanged from April 2027, effectively stopping its tapering plan. The moves were widely expected by economists and market participants. The decision passed 7-1, with Toichiro Asada casting the lone dissent; the meeting was held without the governor in attendance.