Bank of Japan Keeps Interest-Rates Targets Unchanged

By Megumi Fujikawa

TOKYO--The Bank of Japan on Friday kept its interest-rate targets unchanged amid rising prices and growing expectations for an early policy change.

The Japanese central bank decided to maintain its hard cap on the yield of 10-year Japanese government bonds at 1.0% after raising it from 0.5% at its previous meeting in late July. It also kept short-term interest rates unchanged at minus 0.1%.

Consumer prices excluding volatile fresh food and energy prices in August rose 4.3% from a year earlier, government data released Friday morning showed.

Write to Megumi Fujikawa @[e-mail]

(END) Dow Jones Newswires

09-21-23 2314ET