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BOJ keeps interest rates steady, sticks to recovery view
BOJ maintained its 0.75% policy rate with an 8-1 vote amid inflation risks from Middle East conflict and monitors spring wage talks impacting future inflation.
- On March 19, 2026, the Bank of Japan held its short-term rate at 0.75% after a two-day meeting, with eight of nine board members favoring a hold and citing moderate economic recovery.
- Citing geopolitical pressures, the BOJ noted inflation may dip below 2% while the Middle East conflict exerts upward pressure via rising crude oil prices and 95% energy imports from the Middle East.
- The BOJ said it is closely monitoring spring "shunto" wage negotiations involving Japanese labour federations and major firms, with dissent from Hajime Takata calling for a 1.0% hike.
- The hold leaves open a possible hike in April or June as Japan's crude stockpile releases continue and Prime Minister Sanae Takaichi pledged to keep retail gasoline at about 170 yen per liter.
- Headline inflation at 1.5% in January, after 45 months above 2%, as many large companies accept pay hikes above 5%, with Rengo's March 23 results awaited, the BOJ says.
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Bank of Japan keeps interest rates steady at 0.75%, sticks to recovery view
The Bank of Japan held its interest rates steady at 0.75% on Thursday, projecting a moderate economic recovery. Despite global uncertainties from the Middle East, the central bank's decision was largely anticipated. However, one board member advocated for a rate hike. Governor Kazuo Ueda is set to address the media later today.
·India
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right5Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
C 54%
R 38%
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