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Global Market: BOJ keeps rates unchanged, signals readiness for further hikes as yen remains under pressure
The Bank of Japan maintained its key interest rate at 1% on Friday. This decision followed government intervention to support the weakening Japanese yen. The central bank signaled potential future rate increases if inflation risks intensify. Its economic growth forecast for fiscal 2026 was upgraded in a quarterly report. Underlying inflation may exceed the 2% target, suggesting further tightening is possible.
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channelnewsasia.com
BOJ to keep rates steady, deliver hawkish signal as price pressures mount
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, as mounting price pressures from…
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BOJ to keep rates steady, deliver hawkish signal as government props up yen
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, after the government intervened to…
