Japan's central bank continues to mull Trump tariff impact
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 on Thursday kept its key interest rate unchanged and revised its inflation outlook upward, signaling a cautious monetary policy stance by the central bank as it takes its time deciphering the economic impact of U.S. tariffs.
Following a two-day board meeting, the central bank held 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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