The Bank of Japan kept its benchmark interest rate unchanged, in line with what the market had widely anticipated.
This decision leaves the door open for another rate hike in the coming months.
In a statement released after concluding its two-day meeting on Friday, the BOJ said it would maintain its policy rate at 1.25%.
Attention now shifts to Governor Kazuo Ueda, who is expected to hold a press conference at around 3:30 p.m. local time.
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