Reported 2 months ago
A summary of the Bank of Japan's July 31 meeting indicates that officials do not view the recent interest rate increase as a tightening of monetary policy, emphasizing it was a gradual adjustment in response to inflation. The central bank raised its benchmark rate to 0.25% and plans to reduce monthly bond purchases, while underscoring that real interest rates remain below neutral levels. Although the move stirred market volatility, the BOJ is committed to carefully assessing economic indicators amid ongoing fragility.
Source: YAHOO