BOJ set to vote for rate hike to 0.5% on Friday

Rise to highest level in 17 years seen likely as Trump-related market reactions deemed manageable

20250123 Ueda today

Bank of Japan Gov. Kazuo Ueda arrives at the bank's headquarters in Tokyo on Jan. 23. (Pool photo)

Nikkei staff writers

TOKYO -- The Bank of Japan is set to vote for a rate hike during its meeting scheduled for Friday, Nikkei has learned, taking a step further in its policy normalization process as inflation hovers above the bank's 2% target and wage hikes by domestic companies spread.

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