BoJ holds rates as Japan waits for new prime minister
Central bank warns of possible financial problems from persistent Covid-19
The Bank of Japan has kept its policy rate unchanged at -0.1%, as inflation remains sluggish and the country prepares for a new prime minister.
The BoJ board voted to hold the rate by eight to one, with Goushi Kataoka the sole member to back a cut. Kataoka said rates should be lowered to encourage firms “to make active business fixed investment for the post-COVID-19 era,” according to a statement published by the BoJ on September 22.
The central bank also voted unanimously to keep its asset
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