BoJ holds as Middle East conflict threatens higher inflation
Ueda says Japanese firms could pass on costs ‘more aggressively’ than after start of Ukraine war
The Bank of Japan kept rates steady at 0.75% as expected today (March 18), while warning of increased inflation risks as a result of the conflict in the Middle East.
In a statement, the BoJ said its monetary policy board had reached the decision after discussing Japan’s moderate economic recovery, which the bank expected to continue as overseas economies also returned to growth. “However, in the wake of increased tension over the situation in the Middle East, global financial and capital markets
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