The Bank of Japan held its short-term policy rate at 0.75% on March 19, reaffirming its view that Japan’s economy is recovering moderately despite escalating conflict in the Middle East.
The decision, widely anticipated, followed a two-day policy meeting in Tokyo. Board member Hajime Takata dissented, advocating for an increase to 1.0%.
Governor Kazuo Ueda is scheduled to address the media later that day.