Bank of Japan holds rates and halves growth outlook
Path to policy normalisation will depend on negotiations with US over tariffs, analysts say
The Bank of Japan today (May 1) held its policy rate at 0.5% and reduced its growth outlook, as US tariff policies continued to create uncertainty over the external environment.
In the accompanying outlook report, the BoJ’s policy board said Japan’s growth was “likely to moderate”. Trade policies, the board said, could lead to “a slowdown in overseas economies” and “a decline in domestic corporate profits”.
Along with holding the uncollateralised overnight call rate at around 0.5%, the board more
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