Why did the Bank of Japan freeze interest rates?

According to this article published by MoneyWeek on Monday 22 January, the Bank of Japan's decision last week to hold interest rates steady has unleashed a storm relating to its independence from political pressure.

While the Financial Times also picked up on the story that the central bank was likely to raise rates, back in Japan there was political talk that the Bank of Japan would be held accountable for any policy errors and this could include a change in the law to clip the BoJ's

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.