Japan's central bank keeps policy rate unchanged, revises economic growth forecasts up-Xinhua

Japan's central bank keeps policy rate unchanged, revises economic growth forecasts up

Source: Xinhua

Editor: huaxia

2026-01-23 12:16:45

This photo taken on Jan. 23, 2026 shows an exterior view of the Bank of Japan in Tokyo, Janpan. The Bank of Japan (BOJ) left its benchmark interest rate unchanged at 0.75 percent after concluding its two-day policy meeting on Friday. The BOJ also released the latest Outlook for Economic Activity and Prices, revising the forecasts for gross domestic product growth in fiscal 2025 and fiscal 2026 upward. Meanwhile, the quarterly report said consumer prices, excluding volatile fresh food, in the current fiscal year through March will rise 2.7 percent. In fiscal 2026, the figure is expected to be 1.9 percent, while it is 2 percent for fiscal 2027, which ends March 2028. (Xinhua/Jia Haocheng)

TOKYO, Jan. 23 (Xinhua) -- The Bank of Japan (BOJ) left its benchmark interest rate unchanged at 0.75 percent after concluding its two-day policy meeting on Friday.

The decision, widely expected, came after the central bank raised its key rate at its December meeting from 0.5 percent to 0.75 percent, the highest level in 30 years.

The BOJ also released the latest Outlook for Economic Activity and Prices, revising the forecasts for gross domestic product growth in fiscal 2025 and fiscal 2026 upward.

Meanwhile, the quarterly report said consumer prices, excluding volatile fresh food, in the current fiscal year through March will rise 2.7 percent. In fiscal 2026, the figure is expected to be 1.9 percent, while it is 2 percent for fiscal 2027, which ends March 2028.

This photo taken on Jan. 23, 2026 shows an exterior view of the Bank of Japan in Tokyo, Janpan. The Bank of Japan (BOJ) left its benchmark interest rate unchanged at 0.75 percent after concluding its two-day policy meeting on Friday.

The BOJ also released the latest Outlook for Economic Activity and Prices, revising the forecasts for gross domestic product growth in fiscal 2025 and fiscal 2026 upward.

Meanwhile, the quarterly report said consumer prices, excluding volatile fresh food, in the current fiscal year through March will rise 2.7 percent. In fiscal 2026, the figure is expected to be 1.9 percent, while it is 2 percent for fiscal 2027, which ends March 2028. (Xinhua/Jia Haocheng)

This photo taken on Jan. 23, 2026 shows an exterior view of the Bank of Japan in Tokyo, Janpan. The Bank of Japan (BOJ) left its benchmark interest rate unchanged at 0.75 percent after concluding its two-day policy meeting on Friday.

The BOJ also released the latest Outlook for Economic Activity and Prices, revising the forecasts for gross domestic product growth in fiscal 2025 and fiscal 2026 upward.

Meanwhile, the quarterly report said consumer prices, excluding volatile fresh food, in the current fiscal year through March will rise 2.7 percent. In fiscal 2026, the figure is expected to be 1.9 percent, while it is 2 percent for fiscal 2027, which ends March 2028. (Xinhua/Jia Haocheng)