Bank of Japan holds policy rate
Decision comes as core inflation accelerates for fourth consecutive month
Japan’s central bank has kept the short-term policy rate – the uncollateralised overnight call rate – at around 0.25%.
The unanimous decision today (September 20) by the nine-member monetary policy board had been widely expected.
At a press conference following the decision, the bank’s governor, Kazuo Ueda, said it would need to assess factors such as Japan’s wage growth and developments in the US economy before considering whether to tighten policy.
Ueda reiterated that the Bank of Japan (BoJ)
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