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The Bank of Japan remains steady as expected.
Jin10 data reported on October 30, the Bank of Japan paused its interest rate hike on Thursday but reiterated that it would continue to raise borrowing costs if the economic outlook aligns with its expectations. As widely anticipated by the market, the Bank of Japan maintained the short-term interest rate at 0.5%. Bank of Japan committee members Naoki Tamura and Hajime Takada opposed this decision, reiterating their suggestion made in September to raise the interest rate to 0.75%.