The Bank of Japan kept its key policy rate unchanged, as authorities continued to assess the potential impact on the global economy from escalating trade tensions.Governor Kazuo Ueda’s board voted to keep the policy rate at 0.5% Wednesday at the end of a two-day gathering, according to its statement.
The result was in line with the expectations of all 52 economists surveyed by Bloomberg.
The stand-pat decision comes as domestic economic signals suggest further scope for raising interest rates in Japan even as the international landscape darkens and central banks elsewhere in the world mull the timing of rate cuts.Also Read: India-NZ Trade Talks | Agriculture, dairy, digital payments, mobility of services key priorities: Todd McClay
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