The Bank of Japan left interest rates unchanged on Friday, but governor Kazuo Ueda said further hikes remain on the cards if the economy grows as predicted. Two days after the US Federal Reserve slashed rates for the first time since the start of the pandemic,

The Bank of Japan kept interest rates steady today and revised up its assessment on consumption, signalling its confidence a solid economic recovery would allow the central bank to raise interest rates again in coming months.

The Bank of Japan maintained interest rates at 0.25% as inflation rose to 2.8%, signaling potential future hikes while crypto markets reacted positively to the news.