The Central Bank of Japan raised interest rates by 15BP while reducing bond purchases, demonstrating the determination to normalize policy.

The July 31st data from Jinshi showed that the Central Bank of Japan raised the Benchmark Interest Rate by 15BP and announced a plan to reduce bond purchases, highlighting its determination to normalize its policies. According to Wednesday’s statement, the Central Bank of Japan will raise the policy interest rate from the range of 0-0.1% to around 0.25%, and also stated that it will reduce the speed of bond purchases.