The Bank of Japan has raised short-term interest rates to 0.75 per cent from 0.5 per cent in the first increase since January, and taking interest rates to levels unseen since 1995.
“Given that real interest rates are at significantly low levels, the BOJ will continue to raise interest rates and adjust the degree of monetary accommodation” if its economic and price forecasts materialise, it said.
“Given that real interest rates are at significantly low levels, the BOJ will continue to raise interest rates and adjust the degree of monetary accommodation” if its economic and price forecasts materialise, it said.
