Bank of Japan keeps rates steady as Trump tariffs cast a shadow over economic outlook

Japan’s central bank maintained its key policy rate at 0.5% in a unanimous vote, amidst concerns over the potential impact of President Donald Trump’s trade policies. BOJ policymakers noted the economy has recovered moderately but highlighted uncertainties surrounding trade and wage-setting behavior. Analysts are divided on the timing of the next rate hike, with Governor Kazuo Ueda expressing worries about overseas economic developments.

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