Bank of Japan leaves key interest rate unchanged

the virtual absence of demand-driven price pressure

That’s how I see things too. The inflation is a result of the dilution of the value of the yen, not because of say, good economic conditions overall.

Japan seems to be following the lead of Turkey.

But fiddling with interest rates, is it what the economy really needs?. How about some regulatory and tax reforms to make it more worthwhile to run a business in Japan?

Just checked the rates and the yen is in a Free Fall mode again. straight up towards 145.

0.25% rate reflects the flatlining J-economy - so long as it's ticking over, then inflation stays low too.

It's good that the BOJ doesn't have its' nose in the trough like some economy's in the West are having to tolerate, eg: the greedy Bank of England left the rate at 5% again the other day. Such short-sighted policy will lead to either low-growth or no-growth, with costs rising everywhere for the people unnecessarily.