Bank of Japan Holds Rate at 0.75% as Iran War Drives Oil Prices and Inflation Fears

TLDR: The Bank of Japan held its benchmark interest rate at 0.75% for the second consecutive policy meeting in March 2026. The Iran war has closed the Strait of Hormuz, threatening Japan’s energy imports and pushing crude oil prices sharply higher. Finance Minister Satsuki Katayama warned Japan is on full guard as the yen nears [...]

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