Investing.com– The Bank of Japan kept interest rates unchanged in a nearly unanimous decision on Thursday, as policymakers remained cautious over Japan’s economic outlook and the path of inflation.
The BOJ kept its at 0.25%, in line with a Reuters poll. Eight of the BOJ’s nine rate-setting board members voted in favor of the decision.
BOJ member Naoki Tamura was the sole dissenter, calling for a 25 basis point hike on concerns over rising inflation.
is now set to speak at 01: 30 ET (06: 30 GMT).
The BOJ said it expects consumer price index inflation to pick up in 2025, amid a virtuous cycle of higher wages and increased private consumption. The effects of recent government subsidies to lower living costs are also expected to wane in the coming year.
Markets were somewhat split ov