Bank of Japan prioritizes stability amid uncertainties, delaying interest rate hike.
At its September meeting, the Bank of Japan (BOJ) emphasized caution regarding potential interest rate hikes, citing concerns about unstable global financial markets and the U.S. economy's outlook. Some board members advocated for patience, suggesting a dovish shift that reduces the likelihood of a rate increase in October. The BOJ aims to monitor economic conditions closely, prioritizing stability amid uncertainties impacting Japan's recovery and corporate profits.
October 01, 2024
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