[Breaking] Bank of Japan Holds Base Rate at 0.25%

Uk Jin

Summary

The Bank of Japan reported that it has held the base rate at 0.25% for the third consecutive time.
This is noted as the second major decision following the end of the negative interest rate policy in March.
The Bank of Japan's decision is analyzed to suggest stability in monetary policy to market participants.

The Bank of Japan, Japan's central bank, held its base rate steady for the third consecutive time on the 19th.

On the 19th, the Bank of Japan held a two-day monetary policy meeting and decided to maintain the short-term policy interest rate, which is the base rate, at the current 0.25% without adjustment.

Previously, in the March monetary policy meeting, the Bank of Japan raised the base rate for the first time in 17 years, ending the negative interest rate policy, and in the July meeting, it increased the rate from 0-0.1% to about 0.25%.

The Bank of Japan held the rate steady for two consecutive times in September and October.