BOJ keeps interest rate unchanged as economic uncertainty persists

Central bank holds rate at 0.5%, reveals details on JGB purchase reduction plans

After decades-long deflation, the BOJ is on a mission to normalize monetary policy and has so far raised rates a total of three times since March 2024. (Photo by Satoko Kawasaki)

TOKYO -- The Bank of Japan held its key interest rate steady on Tuesday following a two-day policy meeting, keeping its uncollateralized overnight call rate at 0.5% amid economic uncertainty stemming from U.S. trade policies.

This marks the third consecutive meeting after which the central bank has maintained the rate; the last increase came in January.

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