TOKYO -- Bank of Japan Gov. Kazuo Ueda on Wednesday left open the option for a rate hike on May 1, mentioning the risk of an upward swing in inflation and vowing to "avoid falling behind the curve."
During a news conference following a two-day monetary policy meeting that ended with the board deciding to keep the uncollateralized overnight call rate unchanged at 0.5%, Ueda signaled his biggest concern is the global economy, particularly reciprocal tariffs. U.S. President Donald Trump is threatening to impose such tariffs on other countries on April 2, including on all foreign cars.
