BOJ keeps rate target unchanged at around 0.5%

sacadmin

News Image

  • BOJ keeps rate target unchanged at around 0.5%

The Bank of Japan has kept its benchmark interest rate unchanged at around 0.5 percent, signaling caution despite a recent trade agreement with the United States. Japan's central bank decided in a policy meeting on Thursday to maintain its short-term rate for a fourth consecutive time.

The BOJ also announced its economic outlook through fiscal 2025. The central bank projects that consumer prices excluding fresh food will rise 2.7 percent this year, up from the 2.2 percent forecast in April. BOJ Governor also said if the bank's forecast for the economy and inflation proves to be correct, the bank will raise the rate as the economy improves and adjust the degree of monetary accommodation.

mitv

EN-News-Category
Business news
Business-International news

Related News

Nintendo says 5.8 mn Switch 2 consoles sold in first month
Nintendo says 5.8 mn Switch 2 consoles sold in first month
Japan's Nintendo said Friday that around 5.8 million Switch 2 consoles were sold in June, the first month of the gaming gadget's hotly anticipated release. The Switch 2 launched globally on June 5 and sold 3.5 million units in its first four days, Nintendo said previously -- making it the fastest-selling video game console of all time.mitv
Sat, 2-Aug-2025
Model Factory projects in Turkiye
Model Factory projects in Turkiye
In Turkiye, productivity in the industrial sector is getting a major upgrade through the expansion of Model Factory projects. These centres, aimed primarily at small and medium-sized enterprises, offer a four-stage programme to help businesses improve production quality and become more competitive. The programme is already helping firms boost efficiency, paving the way for stronger digital and green transformation in Turkiye’s manufacturing sector.mitv
Sat, 2-Aug-2025
Cambodia welcomes 19 percent US trade tariff
Cambodia welcomes 19 percent US trade tariff
Cambodia on Friday welcomed a 19 percent trade tariff announced by US President Donald Trump, avoiding a threatened levy of 36 percent days after he intervened to help broker a ceasefire in their border conflict.Cambodia said it would drop all tariffs on imports from the United States and order up to 20 Boeing 737s for its national airline in a further effort to woo the Trump administration.  "This is the best news for the people and economy of Cambodia to continue to develop the country," Cambodian Prime Minister Hun Manet stated on his social media.mitv
Fri, 1-Aug-2025
BOJ keeps rate target unchanged at around 0.5%
BOJ keeps rate target unchanged at around 0.5%
The Bank of Japan has kept its benchmark interest rate unchanged at around 0.5 percent, signaling caution despite a recent trade agreement with the United States. Japan's central bank decided in a policy meeting on Thursday to maintain its short-term rate for a fourth consecutive time.The BOJ also announced its economic outlook through fiscal 2025. The central bank projects that consumer prices excluding fresh food will rise 2.7 percent this year, up from the 2.2 percent forecast in April. BOJ Governor also said if the bank's forecast for the economy and inflation proves to be correct, the bank will raise the rate as the economy improves and adjust the degree of monetary accommodation.mitv
Fri, 1-Aug-2025
Trump says will be talking to Mexico over next 90 days for trade deal
Trump says will be talking to Mexico over next 90 days for trade deal
U.S. President Donald Trump said on Thursday that the United States will be talking to Mexico over the next 90 days with the goal of signing a trade deal. Trump said in a Truth Social post after a phone conversation with Mexican President Sheinbaum. Trump stressed the unique complexities of a deal with Mexico due to the shared border of the two countries.mitv
Fri, 1-Aug-2025
US Fed keeps interest rates unchanged for fifth straight meeting
US Fed keeps interest rates unchanged for fifth straight meeting
The U.S. Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, though it faces stark pressure and harsh criticism from the Trump administration. Uncertainty about the economic outlook remains elevated, said the statement.The U.S. economy expanded at an annualized rate of 3 percent in the second quarter, compared with a contraction of 0.5 percent in the first quarter, according to data released Wednesday by the U.S. Commerce Department. Fed Chair Jerome Powell said the Fed had not yet determined whether it would cut rates at its September meeting. The Fed does not consider the cost of rate changes to the governments and the fiscal needs of the federal government, he added.mitv
Thu, 31-Jul-2025
© Copyright 2024 SAC All Rights Reserved.