Finance
BOJ keeps rates steady by 8-1 vote, board member Tamura dissents
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
The BOJ kept rates steady, focusing on inflation. Tamura dissented, and Governor Ueda will discuss the decision.
TOKYO (Reuters) - The Bank of Japan kept interest rates steady on Thursday, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2% target.
As widely expected, the board decided to keep the BOJ's short-term policy rate unchanged at 0.25% by an 8-1 vote, with board member Naoki Tamura dissenting.
BOJ Governor Kazuo Ueda is expected to hold a press conference at 3:30 p.m. (0630 GMT) to explain the policy decision.
The BOJ also released its findings on the merits and cost of various unconventional monetary easing tools used in its 25-year battle with deflation, in another symbolic step towards ending its massive stimulus. The policy review was initiated by Ueda when he took office in April last year.
(Reporting by Leika Kihara, Makiko Yamazaki, Kantaro Komiya and Satoshi Sugiyama; Editing by Chang-Ran Kim)
The main topic is the Bank of Japan's decision to keep interest rates steady and the implications for inflation and wage growth.
Board member Naoki Tamura dissented in the BOJ's decision to keep interest rates steady.
Governor Ueda is expected to discuss the policy decision and the BOJ's focus on inflation and wage growth.
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