BOJ holds interest rate, will trim JGB buying by around 200bn yen

Central bank maintains rate at 0.5% amid Trump tariffs and economic uncertainty

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 amid economic uncertainty stemming from U.S. trade policies. The central bank also revealed plans to slow the pace of reduction in bond purchases.

The yen rose following the BOJ's announcement.

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