Bank of Japan Holds Interest Rates Steady Amid Economic Uncertainty

The decision comes as Japan faces political shifts and global market volatility, with inflation expected to stabilize around 2%.

• The Bank of Japan (BoJ) has maintained its main interest rate at 0.25%, following hikes earlier this year.
• Japan's recent election results have led to a loss of majority for the ruling coalition, potentially affecting economic policy and reforms.
• BoJ Governor Kazuo Ueda is expected to address the decision and future economic outlook in a press conference.
• Concerns about the yen's value and Japan's economic recovery continue to influence the BoJ's cautious approach to monetary policy.
• Inflation is projected to hover near the 2% target, with the BoJ ready to adjust policies if economic conditions align with forecasts.

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CNA