The Bank of Japan defied the Federal Reserve's rate cut by maintaining its benchmark interest rate at 0.25%. The decision, driven by economic uncertainties and the impact of exchange rate fluctuations, was made in an 8-1 vote.
The Bank of Japan (BOJ) maintained its benchmark interest rate at 0.25% on Thursday, defying the Federal Reserve 's 25 basis point reduction. The decision, reached in an 8-1 vote, with one member advocating for a hike, reflects the BOJ's cautious stance amidst ongoing economic uncertainties. The bank emphasized the need to monitor financial and forex market fluctuations for their potential impact on Japanese economic activity and prices.
It highlighted a recent shift in corporate behavior towards raising wages and prices, suggesting increased sensitivity to exchange rate movements
Bank Of Japan Interest Rate Federal Reserve Economic Uncertainty Exchange Rate
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
College Football 25, Madden 25, EA FC 25, and NHL 25 Get Biggest Discounts YetEA Sports College Football 25, Madden NFL 25, EA FC 25, and NHL 25 are all their lowest prices ever for Black Friday.
Read more »
Northeast Ohio girls basketball Top 25: Preseason rankings, team previews for the 2024-25 seasonHere is the preseason installment of the cleveland.com Top 25 girls basketball rankings.
Read more »
Boys basketball preview 2024-25: Who are NE Ohio’s top 25 playersMeet the area's top 25 boys basketball players and vote for who you think is Northeast Ohio's best.
Read more »
AP Top 25: Kansas holds off Auburn for No. 1 spot, UConn slides to No. 25Kansas held off Auburn for the No. 1 ranking in The Associated Press Top 25 men's college basketball poll on Monday.
Read more »
Young Hawks Stars Dyson Daniels and Jalen Johnson Make ESPN's NBA 25 Under 25 ListThe Atlanta Hawks have one of the best young cores in the NBA and that is something that was a big unexpected at the start of the season. After trading away Dej
Read more »
OKC Thunder See Two in ESPN's Top 25 Under 25 ListThe Oklahoma City Thunder see Jalen Williams and Chet Holmgren crack the top-ten in the 2024-25 edition of ESPN's top 25 players under 25-years-old.
Read more »