Bank of Japan Keeps Policy Rate Unchanged amid Lower Inflation Expectations – Yen Hits 156 Against Dollar
Tokyo, Japan – The Bank of Japan (BoJ) announced on Friday that they will be maintaining their policy rate following their monetary policy meeting, keeping the benchmark policy rate steady at 0%-0.1%. This decision aligns with the expectations of economists surveyed by Reuters. Despite the predicted outcome, the maintenance of the rate comes after a lower-than-anticipated April inflation rate in Tokyo, with core inflation coming in at 1.6%, falling short of the 2.2% expectation from …