The Bank of Japan kept its benchmark interest rate unchanged amid widespread market expectations that Governor Kazuo Ueda wouldn’t raise rates given the uncertainty stemming from US tariffs.
Ueda and his board kept the overnight call rate at 0.5% after its two-day meeting, according to a central bank policy statement Thursday.
All 54 economists surveyed by Bloomberg had expected the BOJ to hold rates, with only 6% expecting a move at the June meeting.
Ueda and his board kept the overnight call rate at 0.5% after its two-day meeting, according to a central bank policy statement Thursday.
All 54 economists surveyed by Bloomberg had expected the BOJ to hold rates, with only 6% expecting a move at the June meeting.
