India, May 1 -- The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats.
The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
Previously, the bank had raised the benchmark rate to the current level from 0.25 percent in January.
The bank said it will pay due attention to the global trade policies and its impact on Japan's financial and foreign exchange markets and also on its economic activity and prices.
If the outlook for economic activity and prices are realized, the bank will continue to rais...