According to a Reuters report, sources say that the Bank of Japan (BoJ) is set to raise interest rates, most likely by 25 basis points, at the policy meeting on September 18. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years.
The report also showed that the BoJ might signal readiness to speed up rate hikes, but has no pre-set view on the terminal rate or the timing of further rate increases.
Market reaction
While covering the article, the Japanese Yen (JPY) was seen trading flat at around 154.40 against the US Dollar.
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