On March 19, 2025, at its Monetary Policy Meeting, the Bank of Japan (BOJ) decided—just as markets had expected—to maintain its current policy stance. Specifically, the Policy Board unanimously approved keeping its money market operations framework aimed at guiding the uncollateralized overnight call rate to around 0.50%. Because this outcome had been widely priced in, there was little immediate volatility in equities or government bonds after the announcement.
Mount Fuji is not merely Japan’s highest mountain. Revered since ancient times and a wellspring of artistic inspiration, it was inscribed on UNESCO’s World Cultural Heritage list in 2013 as “Fujisan, sacred place and source of artistic inspiration.” Drawn by its universal value and easy access from the Tokyo metropolitan area, visitors from Japan and abroad have flocked there in great numbers.