BOJ holds rates as inflation aligns with 2% target for first time since 2013

The Bank of Japan held its benchmark interest rate unchanged in an 8-1 vote and announced that underlying inflation had reached its 2% target for the first time since the central bank set that target in 2013. The yen held gains against the dollar following the decision. The BOJ also increased the pace of exchange-traded fund sales to approximately 860 billion yen, or $5.5 billion annually.

• Bloomberg — Yen Holds Gains Against Dollar After BOJ Keeps Rates Steady
• CNBC — BOJ holds rates as inflation aligns with 2% target for first time since 2013
• Bloomberg — BOJ Inflation Target Signal Supports Yen Gains, Strategists Say

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