BOJ Holds Rates at 1.25%, Says Underlying Inflation Has Reached 2% Target
The Bank of Japan kept its policy settings unchanged at 1.25% after a two-day meeting and said underlying inflation had reached its 2% target for the first time. The report says the milestone opens the door to a hike as soon as December.
The Bank of Japan held its benchmark rate untouched while indicating for the first time that underlying inflation has reached its 2% target, a milestone that opens the door to a hike as soon as December.The BOJ maintained its policy settings at 1.25% at the end of a two-day meeting Friday, accordin…