BOJ Ponders Rate Hike Amid Rising Inflation and Global Market Pressures

The Bank of Japan (BOJ) is considering raising its policy rate from around 1 percent to 1.25 percent at its two-day meeting that opened on Thursday.

Policymakers are taking a close look at inflation, which they believe is approaching their target of 2 percent as prices of food and other items continue to rise.

Soaring oil prices stemming from the Middle East situation, exchange rate trends affecting the yen, and strong demand related to the AI boom are all factors under scrutiny.