BOJ to keep policy rate unchanged, revise growth forecast downward

Bank Gov. Ueda to watch data before making judgment on impact of Trump tariffs

20250426N BOJ Ueda

BOJ Gov. Kazuo Ueda is expected to keep the policy interest rate at 0.5% when bank officials meet on April 30 and May 1. (Photo by Yutaka Miyaguchi)

JUNTARO ARAI

TOKYO -- The Bank of Japan is expected to keep the policy interest rate at 0.5% at monetary policy meetings this week, as an unpredictable trade policy in Washington leads to uncertainty about the effect on the Japanese economy.

The central bank is also likely to revise gross domestic product growth downward from fiscal 2025 onward following the policy meetings to be held Wednesday and Thursday.

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