BOJ keeps interest rates steady as widely expected
FILE PHOTO: A passerby walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2025. REUTERS/Issei Kato/File Photo
TOKYO : The Bank of Japan kept interest rates steady on Wednesday, underscoring policymakers' preference to spend more time gauging how mounting global economic risks from higher U.S. tariffs could affect Japan's fragile recovery.
As widely expected, the board decided to keep the BOJ's short-term policy rate unchanged at 0.5 per cent by a unanimous vote.
BOJ Governor Kazuo Ueda is expected to hold a press conference at 3:30 p.m. (0630 GMT) to explain the policy decision.
Source: Reuters
