Bank of Japan maintains interest rates as inflation reaches target level for the first time since 2013

Today, the Bank of Japan decided to keep its benchmark interest rate at 1.25 percent. This decision comes as underlying inflation has finally reached the central bank's target of 2 percent for the first time since the target was set in 2013. Analysts predict that this milestone may lead to further rate hikes as early as December, reflecting a shift in the bank's monetary policy approach.