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Investors react to BOJ’s decision to hold rates
April 28 (Reuters) – The Bank of Japan kept interest rates steady on Tuesday, but three of the nine-member board proposed hiking borrowing costs, signalling policymakers’ concerns over inflationary pressures from the Middle East conflict.
The U.S.-Israeli war with Iran has complicated the BOJ’s efforts to gradually raise still-low interest rates to levels deemed neutral for the economy, seen by markets at around 1.5%.