FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023.
It also left unchanged an allowance band of 50 basis point set either side of the yield target, as well as a new hard cap of 1.0% adopted in July.
A Reuters poll for September showed most economists predicting an end to negative interest rates in 2024.
But some analysts see the yen, rather than wage growth or inflation, as the primary trigger for BOJ action.
Growing prospects of higher-for-longer U.S. interest rates have pushed the yen down near the 150-per-dollar level, seen as Tokyo’s line-in-the-sand for possible currency intervention.
Persons:
Issei Kato, Kazuo Ueda’s, Ueda, Haruhiko
Organizations:
Bank of Japan, REUTERS
Locations:
TOKYO, Tokyo, Japan, “, U.S