TOKYO, Jan 23 (Reuters) – The Bank of Japan kept interest rates steady on Friday and raised its economic and inflation forecasts, signalling its readiness to continue hiking still-low borrowing costs. As widely expected, the central bank maintained short-term interest rates at 0.75% by an 8-1 vote. BOJ Governor Kazuo Ueda will hold a news […]
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BOJ keeps rates steady, raises growth and inflation forecasts
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TOKYO, Jan 23 (Reuters) – The Bank of Japan kept interest rates steady on Friday and raised its economic and inflation forecasts, signalling its readiness to continue hiking still-low borrowing costs.
As widely expected, the central bank maintained short-term interest rates at 0.75% by an 8-1 vote.
BOJ Governor Kazuo Ueda will hold a news conference to explain the decision at 3:30 p.m. (0630 GMT).
(Reporting by Leika Kihara, Makiko Yamazaki, Satoshi Sugiyama and Kentaro KomiyaEditing by Chang-Ran Kim)