According to CNBC, the decision to keep rates steady came in a split 6-3 vote, and was in line with Reuters-polled analysts' estimates.
Japan's central bank held its policy rate steady at 0.75% on Tuesday, as expected by analysts, while revising its inflation forecasts higher due to ongoing supply-side risks linked to the Iran war.
The move had immediate implications for Japanese government bond yields, which edged higher in response to the revised inflation outlook.
The Bank of Japan's decision aligns with broader central bank strategies in the region, where energy shocks and geopolitical tensions are being closely monitored.