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wn.com - 2 days ago

Bank of Japan holds rates steady in first policy meeting under Takaichi

The Bank of Japan (BOJ) on Thursday kept its benchmark interest rate unchanged at 0.5% during its first monetary policy meeting since Prime Minister Sanae Takaichi took office earlier this month. The move was widely expected by economists polled by Reuters, who had forecast a cautious stance amid persistent inflationary pressures and currency weakness. The decision marks the 41st consecutive month that inflation has remained above the BOJ’s 2% target, raising questions about how long policymakers can maintain an accommodative stance. The nine-member board voted 7-2 to...


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