9:0全票通过！日本央行如期加息25基点：若经济和物价前景实现将继续加息

Core Viewpoint - The Bank of Japan announced a 25 basis point interest rate hike, raising the uncollateralized overnight call rate to 0.75%, the highest level since 1995, reflecting a consensus among economists and signaling a gradual normalization of monetary policy [1][4]. Group 1: Interest Rate Decision - The decision was made unanimously with a 9-0 vote during a two-day policy meeting, aligning with market expectations as all 50 surveyed economists predicted a rate hike [1]. - Following the announcement, the Japanese yen initially appreciated against the US dollar but later fell below the 156 mark, indicating that the rate hike was largely anticipated by investors [1]. Group 2: Policy Communication and Future Outlook - Bank of Japan Governor Kazuo Ueda indicated that conditions for further rate hikes are maturing, paving the way for gradual policy normalization amid clearer inflation trends and improved communication [2][3]. - The central bank emphasized that if economic and price forecasts are realized, further rate increases are likely, while maintaining a loose monetary environment to support economic recovery [4]. Group 3: Economic and Political Context - The political landscape in Japan has stabilized, allowing for continued rate hikes despite initial concerns about potential government interference in monetary policy following the appointment of Prime Minister Maehara [4]. - Recent economic indicators suggest that the impact of U.S. tariff policies on Japan's economy has been minimal, and wage growth momentum remains strong, supporting the decision to raise rates [5].