Investors responded to interest rates moving from boj according to Reuters

SINGAPORE (Reuters) – The Bank of Japan raised interest rates on Friday in an expected move, signaling its growing composure that inflation will continue to rise and its 2 percent inflation rate will continue.

The board decided to increase the BoJ’s interim policy rate to 0.5% from 0.25% by an 8-1 vote. Board member Toyoaki Nakamura was attacked in the decision.

Ratings:

Naoyaa Hasegwawa, Hiffic Bond Strategist at Okasan Securities, Tokyo

“This decision was in line with our expectations. We are waiting for comments from the Boj Governor (Kazuo) UEDA in his press conference at the Post Office. We want to know YOUR LAST BOVERO, rather than why the BoJ raised rates at this meeting. The market now expects the BoJ to raise prices in six months so we want to know Ueda’s view on that.”