Japan's central bank revises inflation forecast upward
In the Bank of Japan's last board meeting, Gov. Kazuo Ueda stressed that uncertainty surrounding trade policies and the outlook for inflation remained very high.
TOKYO -- The Bank of Japan held its key interest rate after a two-day board meeting on Thursday, maintaining a cautious monetary policy stance as it seeks to decipher the possible economic impacts of U.S. tariffs.
The central bank kept its policy rate, an uncollateralized overnight call rate, at 0.5%. This marks the fourth consecutive meeting in which the BOJ has kept rates unchanged. Its last hike was in January.
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