Central banks of all countries have all reacted today, and all of them are rushing to grab liquidity today
The minutes of the July monetary policy meeting released by the Bank of Japan today (September 26, 2024) show:
A member of the Bank of Japan said that it is necessary to raise interest rates in a timely and gradual manner
A member of the Bank of Japan said that the neutral interest rate level is at least around 1%. This minute reflects some views and discussions within the Bank of Japan on monetary policy adjustments. Japan previously raised interest rates in July. The market will pay close attention to the attitude and trends of the Bank of Japan, because changes in its monetary policy may have an impact on the Japanese economy and global financial markets.