The Bank of Japan maintained its interest rates at one percent on Friday. This decision came after a two-day meeting concluded by the central bank. One board member voted for a higher rate, seeking a 1.25 percent increase. Governor Kazuo Ueda will explain the policy decision at a news conference. The bank stressed its readiness to raise borrowing costs to manage inflation.
The Bank of Japan maintained its interest rates at one percent on Friday. This decision came after a two-day meeting concluded by the central bank. One board member voted for a higher rate, seeking a 1.25 percent increase. Governor Kazuo Ueda will explain the policy decision at a news conference. The bank stressed its readiness to raise borrowing costs to manage inflation.
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