Bank of Japan leaves key interest rate unchanged

Bank of Japan leaves key interest rate unchanged …C0NTINUE READING HERE >>>

The BoJ was for a long time an outlier among major central banks.
Photo: Kazuhiro NOGI / AFP
Source: AFP

The Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets.

Two days after the US Federal Reserve slashed rates for the first time since the start of the pandemic, the BoJ’s stasis came as data showed inflation in the world’s fourth-largest economy picked up as expected in…

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