Bank of Japan holds rate at 1.25%, says 2% inflation target reached
- —Rate held at 1.25%; a proposal to raise it to 1.5% was rejected
- —Core inflation reaches the 2% target for the first time in 13 years
- —FY2027 CPI forecast raised by 0.2 pp to 2.6%
- —FY2026 GDP growth forecast lifted to 0.7% from 0.6%
Why it matters: Further BOJ tightening strengthens the yen and pressures risk assets including bitcoin; a December hike could accelerate capital outflows from crypto.
Source: Bloomingbit