BoJ Holds Interest Rates at 1% as Japan’s Yen Intervention Loses Momentum - Tekedia

The Bank of Japan held its benchmark rate at 1%, citing still-soft inflation and global uncertainty.

Earlier government efforts to support the yen lost effectiveness, leaving the currency under renewed pressure.

Policymakers said they want more evidence on wage growth and the economy before considering another rate hike.

A weaker yen can aid exporters, but it also raises import costs and adds to inflation and household strain.