Bank of Japan keeps rates steady, yen plunges to historic low

Cryptopolitan

Bank of Japan keeps rates steady, yen plunges to historic low

The Bank of Japan decided to keep its interest rates on hold this week, a move expected by many but still significant as it followed a record plunge of the yen to a 34-year low. Despite the volatility, the central bank’s benchmark rate remains fixed between 0% and 0.1%. This decision marks a period of economic recalibration for Japan, as the country navigates through fluctuating market conditions without altering its monetary stance. Monetary St…