ISTANBUL

The Bank of Japan kept its policy interest rates unchanged on Friday.

The bank has ended a negative rate era in its March meeting, increasing the rate from minus 0.1% to 0.1% after a 17-year period.

After the new decision, the US dollar/Japanese yen exchange rate, which was at 154 level at the beginning of the week, is closing at 157.

The bank stated its confidence to reach its 2% inflation target, with the rate above 2% since April 2022.