Bank of Japan keeps interest rates steady at 0.75 percent

The Bank of Japan held its policy rate at 0.75 percent on Thursday. Officials kept a moderate recovery view despite risks from conflict in the Middle East.

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The Bank of Japan concluded its two-day policy meeting on Thursday by maintaining its current interest rate levels. The central bank in Japan opted to keep the short-term policy rate at 0.75%, aligning with market expectations despite growing geopolitical uncertainty.

The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon
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