US EditionDonald Trump’s trade uncertainty pushes Bank of Japan to hold interest rates
- Japan's central bank, the Bank of Japan, decided to keep its key policy rate steady at 0.5% during a two-day meeting, aligning with market expectations and considering the impact of U.S. Trade policies under President Donald Trump.
- Japan's largest labor union, the Japanese Trade Union Confederation, announced a 5.46% average wage increase from April, marking the largest increase in over thirty years.
- The Bank of Japan noted ongoing inflationary pressures, with consumer prices rising between 3.0-3.5%, significantly above the central bank's 2% target.
- There are significant uncertainties in Japan's economic outlook due to evolving trade and other policies, which the Bank of Japan described as 'high uncertainties.
32 Articles
32 Articles
Bank of Japan to Keep Eagle Eye on Impact of U.S. Tariffs; Analysts Try to Predict Timing of Next Rate Hike
The Bank of Japan’s resolve to closely monitor the possible impact of U.S. tariffs on Japan’s economy prompted it to keep interest rates unchanged at 0.5% on Wednesday. Analysts are split over when the central bank’s next raise will be.
Bank of Japan keeps key interest rate unchanged, warning of trade uncertainty
The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fueled by U.S. trade tariffs. Following a two-day policy meeting, the central bank said it was keeping its key interest rate at around 0.5 percent. "There remain high uncertainties…
The Japanese Minister of Commerce asked the US not to tax their cars, but in vain. Salaries rise by 5% in Japan - the highest wage increase in 33 years - Hotnews.ro
The Bank of Japan kept interest rates on hold Wednesday as the rising risk of a global trade war and potential economic downturn in the US hurt Japan's hopes for a sustained economic recovery. The unanimous decision, which...
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