BoJ holds policy rate
Central bank highlights need to monitor US economic developments and domestic data
The Bank of Japan kept its policy rate unchanged today in a decision widely expected by analysts.
The BoJ’s nine-member policy board decided unanimously to keep its target for the uncollateralised overnight call rate at 0.25% at its two-day meeting, the central bank said in a statement.
The decision came days after Japan’s long-ruling Liberal Democratic Party-led coalition suffered a historic parliamentary election defeat and ahead of US presidential elections on November 5.
In its quarterly output
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