The Bank of Japan, Japan’s central bank, has kept the key interest rate unchanged at “around 0.5%,” as expected by the market. During its two-day monetary policy meeting, the Bank of Japan decided to maintain the key interest rate without any adjustments. In a statement released after the meeting, the Bank noted that uncertainty remains high regarding international trade policy developments, their impact on the global economy, and trends in prices and resource costs. NHK analyzed that the Bank of Japan seems to have determined that it needs to monitor the economic and price situation due to rising economic uncertainties caused by the successive tariff policies of the Trump administration in the United States. Previously, in a late January monetary policy meeting, the Bank of Japan raised the short-term policy interest rate from “around 0.25%” to “around 0.5%.”
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