Bank of Japan keeps interest rates unchanged

The Bank of Japan kept its policy rate unchanged at 0.25%, in line with market expectations. It said that given the very low level of real interest rates, the Bank of Japan will continue to raise its policy rate if economic and price trends are in line with its forecasts. Monetary policy operations will be conducted from the perspective of achieving the 2% inflation target sustainably and stably, and potential consumer inflation is expected to gradually rise. Against the backdrop of moderate global economic growth and an accommodative financial environment, the domestic economy is gradually recovering. (Jinshi)