TOKYO — The Bank of Japan is considering raising its policy interest rate, possibly to 0.25%, at its meeting that ends Wednesday, a new step toward normalizing monetary policy as wages and prices rise.
The BOJ is also considering how much and how fast to cut its monthly purchases of Japanese government bonds, with market participants saying they are likely to halve that to 3 trillion yen ($19.5 billion) by the end of fiscal 2025.