TechFlow news, on January 23, according to Jinshi Data, the Bank of Japan chose to keep interest rates unchanged ahead of next month's general election due to concerns over fiscal policy, inflation, geopolitical tensions, and ongoing market volatility. The central bank voted 8-to-1 to maintain short-term interest rates at 0.75%. Only board member Hajime Takata believed the price stability target has been largely achieved, proposing to raise the short-term interest rate target from 0.75% to 1.0%. Markets are now wary of any hawkish signals from the central bank. Earlier, Nobuo Kishi’s pledge to reduce the consumption tax triggered turmoil in Japan's government bond market and weighed on the yen. Some analysts warned that the yen could face renewed pressure if BOJ Governor Kazuo Ueda does not clearly signal further rate hikes, especially as the central bank aims to avoid provoking political backlash ahead of a possible early election on February 8.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
