Europe, the US, and Japan raise interest rates in succession as overseas monetary policy environments shift toward tightening.

On September 18, the Bank of Japan concluded its two-day monetary policy meeting and announced that it would raise its policy rate from 1.0% to 1.25%. This marks the bank's first rate hike in three months, a clear acceleration from the pace since March 2024 of roughly one hike every six months. Analysts believe that under intense inflationary pressure, major central banks of major economies have shifted toward tightening monetary policy, but it remains uncertain whether they will raise rates continuously and by large margins. "The successive rate hikes by the United States, Europe, and Japan reflect a marked increase in major central banks' vigilance against a renewed rise in inflation expectations after the Middle East situation pushed up energy prices."