fbpx

Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details​

Bank of Japan Holds Interest

Bank of Japan Holds Interest Rates Steady. The Bank of Japan decided to maintain its interest-rate target unchanged on Friday, maintaining the overnight call rate within the range of 0% to 0.1%. This decision follows a recent rate increase in March, which marked the first such adjustment in 17 years. The central bank’s move comes amid debates in Japan’s market about potential further rate increases, contrasting with expectations for rate cuts from the Federal Reserve and European Central Bank this year.

During its previous meeting in March, the Bank of Japan opted to end most of its unconventional easing measures, including negative interest rates and control over the 10-year Japanese government bond yield. The bank expressed confidence in achieving stable 2% inflation, attributing this optimism to recent healthy wage growth.

In its quarterly outlook released alongside the rate decision, the Bank of Japan projected that inflation would likely remain around the bank’s 2% target over the next three years. This outlook reflects the bank’s ongoing commitment to achieving its inflation target amidst evolving economic conditions.

The Bank of Japan’s stance contrasts sharply with the strategies of other major central banks like the Federal Reserve and European Central Bank. While these institutions are expected to embark on rate-cutting measures in the coming months, the Bank of Japan is currently focused on maintaining its current interest-rate targets to support its inflation objectives and monitor economic developments closely. The market is closely watching for any further indications or adjustments from the Bank of Japan regarding its monetary policy direction. Bank of Japan Holds Interest Rates Steady.

FPG LIVE SUPPORT

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.