Bitcoin Price Remains Stable After Bank of Japan Holds Interest Rate at 0.5%
The Bank of Japan (BOJ) maintained its benchmark interest rate at 0.5%, consistent with market expectations. Key points include:
- The BOJ is assessing the impact of U.S. tariffs on Japan’s economy.
- Governor Kazuo Ueda noted high uncertainties regarding trade policies.
- This decision precedes a U.S. Federal Reserve meeting, where rates are also expected to remain unchanged.
- Historically, Japan’s monetary policy affects Bitcoin markets; a stronger yen can decrease Bitcoin's appeal.
- The current rate decision limits pressure on Bitcoin’s price by stabilizing Japanese bond yields.