BOJ keeps rates steady, cuts growth forecasts

Bank reduced to 0.5% expected for the expansion of the Gross Niponic Internal Product, in line with the previous estimate. At the end of the two-day meeting, the institution maintained fixed interest rates.

Another American ally just issued an economic warning because of the trade war

Another day, another piece of evidence that President Donald Trump’s escalating trade war with friends and foes is hurting the global economy. Today: Japan’s central bank cut its economic growth forecast for the country in half.

Bank of Japan cuts growth forecasts on US tariff hit

The Bank of Japan kept interest rates steady and sharply cut its growth forecasts today, suggesting uncertainty surrounding US tariffs and the hit to exports could keep policy in a holding pattern for some time.

BOJ Keeps Key Interest Rate at 0.5% over U.S. Tariff Uncertainty; Lowers Growth Forecasts, Inflation Rate Projections

The Bank of Japan decided to keep its benchmark short-term interest rate at around 0.5% at a monetary policy meeting on Thursday.

Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast

The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday that it expects the Japanese economy to grow 0.5 percent in the fiscal year that started on April 1. That is a sharp downgrade from the 1.1 percent the central bank had forecast in January. Explaining the change, the Bank of Japan cited “trade and other policies” leading to a slowdown in overseas economies and…

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

As widely expected, the BOJ kept short-term interest rates steady at 0.5% by a unanimous vote. Read more at straitstimes.com.