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Bank of Japan Leaves Interest Rate Unchanged at 0.25%

The Bank of Japan left its monetary policy unchanged at a board meeting Tuesday, keeping the overnight call rate target at 0.25% as widely expected by financial markets.

The decision by the nine-member board was unanimous.

Market traders had been divided on whether the BOJ would tighten credit at this month's meeting or wait until early next year. But speculation of a December rate rise faded after a recent slew of weak economic data cast doubt over the strength of the nation's economic recovery.

The BOJ has kept monetary policy unchanged since ending its zero interest rate policy in July in what was the first rate rise in six years.