BOJ Holds Rates at 0.75% as Nikkei and Crypto Markets Slip
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BOJ holds uncollateralized overnight call rate at 0.75% after a 6–3 vote and warns fiscal 2026 growth will slow due to higher crude oil prices; Nikkei 225 falls 1.02%. Crypto markets show short-term weakness: Bitcoin and Ethereum down on the day and XRP posts the steepest weekly loss, highlighting downside market impact and near-term risk for crypto adoption and assets.
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- Bank of Japan holds rates at 0.75% as 2026 growth slows and inflation rises.
- Nikkei 225 drops 1.02% as sector losses outweigh strong individual stock gains.
- Bitcoin and Ethereum decline daily while XRP posts the steepest weekly loss.
The Bank of Japan (BOJ) set its monetary policy stance on Tuesday with a 6–3 majority vote to uphold the uncollateralized overnight call rate at around 0.75%, a move that comes as financial markets in Japan and digital assets showed signs of short-term weakness.
The central bank projected that Japan’s economic growth will decelerate in fiscal 2026. The outlook attributes the slowdown to higher crude oil prices, which are expected to weigh on corporate profits and reduce households’ real income through worsening trade conditions.
However, the economy is still expected to expand moderately, supported by government measures, acco…
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