Bank of Japan keeps interest rate unchanged - Breaking The News
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Bank of Japan keeps interest rate unchanged

EPA-EFE/KIMIMASA MAYAMA

The Bank of Japan (BoJ) kept its benchmark interest rate unchanged at 0.5% on Tuesday, as widely expected, while also cutting the amount of its Japanese Government Bonds (JGBs) purchases.

The BoJ decided in an 8-1 vote to slash the amount of its monthly JGB purchases by ¥200 billion each quarter "so that it will be about ¥2 trillion in January-March 2027."

The central bank said it will conduct an interim assessment of the plan to cut JGB purchases at its June 2026 monetary policy meeting.

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