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Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Thursday, Oct. 31, 2024. The Bank of Japan kept its benchmark interest rate unchanged.
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Japan’s central bank held its policy rate at 0.5% Thursday, holding them for a second straight meeting, as U.S. President Donald Trump’s tariffs threaten the country’s exports.
The move was in line with a Reuters poll of economists, and comes at a time of global trade tensions as the U.S. pressures countries to sign business deals under threats of “reciprocal” tariffs.
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