The Bank of Japan (BoJ) will consider a possible raise of 0.25% in interest rates during the next monetary policy meeting on July 31, the public broadcaster NHK said on Tuesday.
Previously, BoJ's Governor Kazuo Ueda indicated his intention to raise interest rates further if the underlying inflation rate rises steadily toward the target of 2%, but it appears that many committee members believe that prices are rising in line with the forecast.
Should it happen, it will be the first time since lifting its negative interest rate policy in March of this year.
