At the monetary policy meeting on the 31st, the Bank of Japan decided to further raise the policy interest rate used to control prices and economic conditions. The induction target of the "unsecured overnight lending rate" as the policy interest rate was raised from around 0-0.1% to around 0.25%. Regarding the possibility of another rate hike this year, Bank of Japan Governor Ueda said "it will depend on the data", expressing the policy of further raising interest rates if price trends meet expectations.