The minutes from the Bank of Japan's Monetary Policy Board meeting on July 30-31 revealed that the country has largely overcome the financial challenges of recent years and is expected to continue on a growth trajectory.
According to the minutes, Japan's financial conditions have remained supportive. While exports and industrial production have shown stability without significant growth, there have been increases in employment and corporate profits.
The minutes also noted a moderate rise in inflation expectations, aligning with the central bank’s price stability target.
During the meeting, the Bank of Japan raised its benchmark rate by 15 basis points and announced plans to reduce bond purchases to approximately JPY 3 trillion by the first quarter of 2026.
