BoJ holds rates, completes broad monetary policy review
Governor admits bank has been slow to raise rates, but highlights need to assess wage data and US policy
The monetary policy board at the Bank of Japan (BoJ) has kept its short-term policy rate unchanged for the third consecutive meeting and published findings of a review into its unconventional monetary policies over the past 25 years.
In an 8–1 vote today (December 19), the board decided to keep its target for the uncollateralised overnight call rate at around 0.25%.
The decision came hours after the US Federal Reserve decided to cut rates by 25 basis points.
The BoJ ended its negative interest rate
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