BOJ keeps interest rates steady, sticks to upbeat economic view
FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo
TOKYO : The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.
In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25 per cent by a unanimous vote.
BOJ Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the decision.
The BOJ ended negative interest rates in March and raised its short-term policy rate to 0.25 per cent in July on the view that the likelihood of inflation sustainably hitting its 2 per cent target was heightening.
Source: Reuters
