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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Bank of Japan kept its policy rate unchanged at 1.00%, a decision approved by an 8-1 vote in line with market expectations. Board member Hajime Takata dissented, favoring an immediate hike to 1.25%. The bank reinforced its message of gradual normalization, keeping a potential interest rate hike in October firmly in focus.