Odaily Planet Daily reports that the Bank of Japan will hold a monetary policy meeting on December 18-19, during which it will raise the current policy interest rate from 0.5%. The meeting has entered the final coordination stage. The most likely plan is a 25 basis point hike to 0.75%, reaching the highest interest rate level in 30 years since 1995. BOJ Governor Haruhiko Kuroda and other senior officials have hinted at the possibility of submitting a rate hike proposal. Surveys show that among the nine policy members, including the governor and deputy governors, more than half are expected to support the rate increase. Currently, no policy member has explicitly opposed the hike, and the Japanese government generally supports the rate increase. The BOJ will make a final decision after assessing potential market turmoil, such as a stock market crash or a sharp yen appreciation. If the rate hike is implemented on Friday, it will be the first increase in 11 months since January 2025. (Jin10)
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