BoJ holds rates as Japan waits for new prime minister

Haruhiko Kuroda
Bank of Japan governor Haruhiko Kuroda
European Central Bank

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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