-- The Bank of Japan held its interest rate settings steady and simplified its language on bond-buying at a two-day meeting that took place after the yen hit a fresh 34-year low this week.Javier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe BOJ Friday kept the range for its benchmark rate between 0% and 0.1% at the conclusion of its meeting, according to a statement, as widely expected by economists. The bank said it would buy government bonds in line with its March decision.
Japan’s foreign exchange officials have ramped up their warnings above excessive yen weakness, and business leaders have amplified their concerns, implicitly putting pressure on the BOJ not to further fuel losses in a currency that’s already the biggest loser among major currencies this year.A key focus of this meeting was the BOJ’s stance on bond purchases.
The median projection for fiscal 2026 was 1.9%. That shows the nine-member board expects the period in which the price measure stayed at or around its 2% goal to stretch to five years.
Source: Loan Digest (loandigest.net)
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