BoJ leaves interest rates unchanged
Bank of Japan keeps interest rates unchanged amid concern of recent financial market volatility and stubborn deflation.
By Agencies |
TOKYO: The Bank of Japan said on Thursday it was leaving its key interest rate unchanged at 0.5 per cent amid concern about recent financial market volatility and stubborn deflation.
The decision, made by an 8-1 vote, had been widely expected given worries about the fallout from US mortgage and credit market turmoil.
Worries about the health of the Japanese economy have also grown since the government said last month that gross domestic product contracted in the second quarter due to a fall in corporate capital spending.
The decision, made by an 8-1 vote, had been widely expected given worries about the fallout from US mortgage and credit market turmoil.
Worries about the health of the Japanese economy have also grown since the government said last month that gross domestic product contracted in the second quarter due to a fall in corporate capital spending.
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