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Asian Economic News

BoJ Minutes On Tap For Tuesday

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The Bank of Japan will on Tuesday release the minutes from its monetary policy meeting on January 23-24, highlighting a modest day for Asia-Pacific economic activity.

At the meeting, the central bank raised its short-term interest rate to the highest in 17 years, aiming for a price stability target of 2.0 percent amidst rising wages. BoJ policy board members raised the overnight call rate to around 0.5 percent from 0.25 percent - marking the highest since the global financial crisis in 2008.

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