Japan’s Nikkei 225 index closed more than 1% higher Tuesday after the country’s central bank left the main policy rate unchanged at its final meeting of the year.
The Bank of Japan made no change to its negative interest rate policy, holding the benchmark interest rate at -0.1%. The central bank also kept its stance on its yield curve control policy unchanged.
The central bank also warned of “extremely high uncertainties” affecting Japan’s economy, saying that core inflation will stay above 2% throughout fiscal 2024.
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