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BOJ set to keep interest rates steady as Trump risks cloud outlook

  • The Bank of Japan kept interest rates unchanged at 0.5%, citing uncertainty over how U.S. tariffs might impact the economy.
  • Japanese manufacturers' business mood declined in March amid uncertainty over Trump's tariff plans, as reported by a Reuters poll.
  • Fears of a global slowdown linked to U.S. President Donald Trump's tariffs overshadowed positive Japanese wage and price data, according to the BOJ's statement.
  • The Organisation for Economic Cooperation and Development projected a slight global growth slowdown due to the effects of Trump's tariffs.
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Channel News Asia broke the news in Singapore on Tuesday, March 18, 2025.
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