Bank of Japan interest rate decision and economic outlook
September 20, 2024
At its meeting today, the Monetary Policy Board of the Bank of Japan unanimously decided to set guidelines for money market operations for the intermeeting period.
The Bank aims to maintain the uncovered overnight call rate at around 0.25%. Japan’s economy has shown moderate growth, although it has also weakened at times. Global economies also expanded moderately, while Japan’s exports and industrial production were largely flat.