Contrary to the direction taken by the US Federal Reserve; The Bank of Japan has decided to keep interest rates unchanged, suggesting the possibility of further cuts if necessary.
This is a growing concern for the Japanese economy, which is struggling to return to pre-pandemic levels.
And Japan’s central bank revised its economic valuation downward just two months after its promotion, citing its country’s impact on the repercussions of the Crown.
The Bank of Japan also stressed the need to monitor the trend of the markets and the prices of materials prime in the wake of the Russian-Ukrainian war.
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