According to Odaily, the Bank of Japan (BOJ) has decided to keep its policy rate unchanged, aligning with widespread market expectations. The central bank reiterated its commitment to achieving stable inflation and economic growth. This decision did not surprise most BOJ observers, as the BOJ Governor had previously expressed concerns about the increasingly uncertain global economic outlook. He also indicated that the BOJ has time to analyze risk factors, suggesting a cautious approach moving forward.
In its quarterly outlook report released on the same day, the BOJ projected that inflation would remain around its 2% target in the coming years. This closely watched report is likely to bolster expectations that policymakers may soon consider another rate hike.
