Bank of Japan Maintains Interest Rates Amid Upward Revisions to Growth and Inflation Projections
The Bank of Japan (BOJ) held onto its current interest rates and simultaneously revised its outlook for economic growth and inflation upwards. In a vote of 8-1, the central bank kept the short-term interest rate at 0.75%, signaling a willingness to continue a gradual tightening of monetary policy. Market and policy analysts highlight the cautious a…