There is no big confusion in the Japanese financial market...Bank of Japan likely to raise interest rates

Kyodo News reported that the Bank of Japan is likely to raise interest rates as the Japanese financial market has been relatively stable without much confusion even in the inauguration of U.S. President Donald Trump.

The Bank of Japan will decide whether to raise the benchmark interest rate short-term policy rate at a financial policy decision meeting from the 23rd to the 24th.

Japanese media have already predicted that the Bank of Japan will raise interest rates if the financial market does not fluctuate significantly after President Trump took office, as a majority of the nine policy committee members are in favor of raising interest rates.

Kyodo News said that the view that the Bank of Japan will raise interest rates has become a trend in the financial market as President Trump's remarks are within the range he thought.

At the same time, if the market does not change rapidly, the Bank of Japan will decide on the final increase at a meeting on the 24th, and the interest rate, which is currently around 0.25%, is expected to rise by 0.5%.

A 0.5% rise in interest rates would be the highest level in nearly 17 years since October 2008.