BOJ revises inflation forecast down while keeping rates unchanged
The Bank of Japan held its policy rate steady at 1% while revising its inflation forecast lower in its latest quarterly outlook. The decision comes amid ongoing debate over the yen's trajectory and global trade uncertainty.
The Bank of Japan kept its policy rate unchanged at 1% at its July meeting. The central bank also revised its inflation forecast lower in its latest quarterly economic outlook report.
The decision comes amid ongoing market speculation over whether the BOJ will raise rates at a faster pace. Officials said global trade uncertainty and the yen's recent volatility factored into the policy decision.
Analysts say the revised forecast shows the BOJ maintaining a cautious stance, even as the risk of inflation running above target remains on the table. Markets will be watching closely for the central bank's next move at its upcoming meeting.
Read next
Argentina's Milei shifts from closing the central bank to reforming it
Argentine President Javier Milei unveiled a bill to overhaul the central bank's charter in a nationwide broadcast, marking a shift from his earlier pledge to shut the institution down. The government considers the bill central to its economic program.
Japan carries out yen-buying intervention as US executes rate check
Takaichi bets on historic food tax cut to ease Japan's inflation pain
US GDP growth slows to 1.5% in Q2 as core inflation holds at 3.3%
