Posted 12/19/2023, 5:40:47 AM
Bank of Japan Holds Steady on Rates, Cautious on Policy Tightening Amid Economic Uncertainty
- The Bank of Japan kept its negative 0.1% benchmark interest rate and other easy money policies unchanged
- It said it will monitor price and wage trends before considering a rate hike
- Inflation is above the BOJ's 2% target but wage growth lags behind
- The BOJ is moving cautiously towards tightening policy due to economic uncertainties
- The central bank is reviewing its monetary strategy but won't rush to exit quantitative easing