The Bank of Japan reports modest economic recovery, keeps interest rates at 0.25%, and plans improved communication.

The Bank of Japan's recent meeting minutes indicate a modest economic recovery, primarily driven by positive external factors. The BoJ maintained its benchmark interest rate at 0.25% and ended its negative interest rate policy in March. While wage increases are supporting service price growth, annual inflation is projected to rise through fiscal 2025. The BoJ plans to enhance communication about future interest rate paths amid global economic uncertainties.

November 06, 2024
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