Corrects headline and first paragraph
The Bank of Japan decided to maintain its interest rate and to reduce the pace of the amount of bond purchases from April next year.
The policy board of the BoJ unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent. The decision came in line with expectations.
Previously, the bank had raised the benchmark rate to the current level from 0.25 percent in January.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.