The Bank of Japan decided to keep its interest rate unchanged at the end of its first policy meeting since it raised borrowing costs in July.
The central bank on Friday said it will maintain a monetary policy to leave its key interest rate at around a quarter of a percent.
At its July meeting, the BOJ raised the rate for the second time this year, citing the growing risk of price increases amid the yen’s weakness. The yen has since strengthened against the dollar.
The decision to hold pat suggests policymakers want to keep monitoring volatility in financial markets as well as the impact of the July rate hike on the economy.