The Zhitong Finance App learned that at the monetary policy meeting that ended on Friday, the Bank of Japan decided to keep the policy interest rate unchanged at 1% with an 8-1 vote, which is in line with the market's previous consensus expectations. Last month, the Bank of Japan just raised the benchmark interest rate to its highest level since 1995. The decision to stay on hold was made against a complex backdrop of heightened geopolitical tension in the Middle East, sharp fluctuations in the yen exchange rate, and subtle changes in domestic inflation prospects.

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