BOJ Keeps Rates Steady, Raises Growth and Inflation Forecasts

Yomiuri Shimbun file photo
The Bank of Japan

TOKYO (Reuters) — The Bank of Japan kept interest rates steady on Friday and raised its economic and inflation forecasts, signaling its readiness to continue hiking still-low borrowing costs.

As widely expected, the central bank maintained short-term interest rates at 0.75% by an 8-1 vote.

BOJ Governor Kazuo Ueda will hold a news conference to explain the decision at 3:30 p.m.