businessSource: CNBCPublished
Japan Keeps Interest Rates Steady Amid Inflation Concerns
business · CNBCThe Bank of Japan maintained its interest rate at 1% despite warnings of underlying inflation exceeding its 2% target. Analysts await the BOJ governor's comments for cues on future rate hikes. The weak yen is a factor to consider in Japan's inflation outlook.
At a glance
- The Bank of Japan held its policy rate at 1% in a 8-1 decision.
- BOJ officials warn that underlying inflation in Japan may exceed its 2% target.
- Analysts focus on the BOJ governor's comments for signals on future rate hikes.