Bank of Japan Keeps Policy Rate Unchanged at 1 Percent

Dragon Media News Desk

The Bank of Japan has decided to keep its benchmark policy interest rate unchanged at 1 percent.

Following a two-day monetary policy meeting, the bank’s policy board voted by majority on Friday to maintain the current rate.

The Bank of Japan has raised interest rates five times since ending its historic negative interest rate policy in March 2024.

In June, the bank raised its short-term policy rate from 0.75 percent to 1 percent, taking the rate to its highest level since 1995.