Bank of Japan Maintains Interest Rates at 1%
The Bank of Japan (BOJ) has decided to keep its short-term policy interest rate unchanged at 1.0%. This decision comes after raising the rate from 0.75% to 1% last month. The BOJ is currently assessing the impact of this rate hike on the economy and prices. The bank also noted that economic risks are broadly balanced, with inflation risks tilted to the upside. It will continue to adjust interest rates according to economic, price, and financial developments. The BOJ stated that recent yen depreciation is one factor contributing to higher prices and that it will pay close attention to the impact of foreign exchange rates on the economy and inflation.28 sourcesSee all sources