[Bank of Japan Plans to Raise Interest Rate to 0.75%, Potentially Reaching a 30-Year High] The Bank of Japan will hold a monetary policy meeting from December 18 to 19 and is currently finalizing plans to raise the policy interest rate from 0.5% to 0.75%, which would mark the highest level since 1995. Governor Kazuo Ueda has hinted at submitting a rate hike proposal, with more than half of the nine committee members expected to support it. The Japanese government has also generally endorsed the move. The Bank of Japan will make a final decision after assessing market conditions, and if implemented, this would be the first rate hike since January 2025.