BOJ keeps rates steady, cuts growth forecasts on US tariffs hit

Quick Summary:

TOKYO: The Bank of Japan kept interest rates steady and cut its growth forecasts on Thursday, as uncertainty surrounding U.S.tariffs clouds the outlook for the world's fourth-largest economy.

While Ueda has signalled the BOJ's readiness to keep raising rates, Trump's tariffs have complicated its decision on when and how far it can hike.

The BOJ raised its short-term interest rate to 0.5% in January in the belief the economy was on the cusp of sustainably achieving its 2% inflation target.

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Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: Bank of Japan Banking Interest rates Inflation /Business/Business News Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 15:02:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28307255

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