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Satsuki Katayama

Satsuki Katayama

Finance Minister of Japan

Appears in 1 story

Stories

BOJ pushes rates to 0.75%: Japan’s “free money” era starts getting expensive

Rule Changes

Warning markets against disorderly yen moves and keeping intervention language active as BOJ tightening fails to immediately support the currency

Japan’s shift away from ultra-easy money is now colliding with the currency market. After the Bank of Japan’s December 19, 2025 hike to around 0.75%, Governor Kazuo Ueda stressed in post-meeting remarks that real rates remain “very low”/negative and that the BOJ will decide the pace of further tightening meeting by meeting—while standing ready to respond with flexible operations if long-term yields make “exceptional” moves.

Updated Dec 20, 2025