At its Monetary Policy Meeting held on the 28th, the Bank of Japan kept its target for the unsecured overnight call rate, its policy rate, at around 0.75%. The decision underscores its stance of assessing the impact of developments in the Middle East.
At its Monetary Policy Meeting held on the 28th, the Bank of Japan decided to maintain its target of guiding the unsecured overnight call rate, its policy rate, at around 0.75%.
The meeting underscored the BOJ’s cautious stance in assessing the impact of developments in the Middle East on financial markets.