The Bank of Japan held interest rates on Wednesday as the rising risk of a global trade war and potential downturn in the US weighed on Japan’s hope for a sustained economic revival.
The unanimous decision, which came at the conclusion of a two-day meeting of the Japanese central bank’s policy board, left the short-term policy rate at about 0.5 per cent.
The result was widely forecast by economists and had been priced in by markets, according to traders.
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