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At its monetary policy meeting on the 31st, the Bank of Japan decided to maintain the target for the policy interest rate, the unsecured overnight call rate, at around 0.25%. The overseas economy is likely to be turbulent ahead of the US presidential election, and the domestic political situation is also in turmoil. With a strong sense of uncertainty in the financial markets, it was decided that there was no need to rush to raise interest rates. The policy interest rate is used to control the economy and prices. Governor Ueda Kazuo held a press conference to explain the reasons for the decision. #Bank of Japan #Monetary policy meeting #Policy interest rate #Unsecured overnight call rate #Maintain #US presidential election #Political situation #Finance #Market #Interest rate hike #Economy #Prices #Ueda Kazuo #News #news24