Published 09/20/2024 3:10:31 a.m.

Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy

The Bank of Japan kept interest rates steady at 0.25 percent as market turmoil followed a prior hike, impacting the yen.
UBS economists Masamichi Adachi and Go Kurihara noted “no reason for the Bank to raise its rate,” given cautious market sentiment.
Despite current stasis, about 70 percent of economists expect an increase by December, indicating potential future shifts.

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Reuters

BOJ keeps interest rate steady, upgrades view on consumption

The Bank of Japan kept interest rates steady on Friday and revised up its assessment on consumption, signaling its confidence a solid economic recovery will allow the central bank to raise interest rates again in coming months.

09/20/2024 3:10:31 a.m.·United Kingdom

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Channel News Asia

BOJ keeps interest rates steady, sticks to upbeat economic view

TOKYO : The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25 per cent by a unanimous vote.BOJ Governor Kazuo Ueda will ho

09/20/2024 2:59:31 a.m.·Singapore

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CNBC

Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy

The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen's slide against the U.S. dollar.

09/20/2024 3:07:25 a.m.·United States

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RTÉ

Bank of Japan keeps interest rate steady as expected

The Bank of Japan kept interest rates steady today and revised up its assessment on consumption, signalling its confidence a solid economic recovery would allow the central bank to raise interest rates again in coming months.

09/20/2024 6:21:44 a.m.·Ireland

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大纪元 Epoch Times

Bank of England and Bank of Japan keep interest rates unchanged

After the US Federal Reserve (Fed) announced a two-point interest rate cut, the Bank of England (BOE) Monetary Policy Committee decided on the 19th to maintain the interest rate at 5% and remain on hold, indicating that it is not in a hurry to loosen monetary policy. The Bank of Japan (BOJ) also decided on the 20th to maintain the interest rate unchanged, believing that the Japanese economy is still recovering moderately.

09/20/2024 4:09:29 p.m.

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Bloomberg

BOJ Stands Pat in Sign It Won’t Rush to Hike After July Surprise

The Bank of Japan kept its monetary policy steady Friday, signaling it sees no need to hurry with interest rate hikes as it monitors financial markets after its July increase and hawkish views spooked investors.

09/20/2024 2:53:07 a.m.·United States

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