Bank of Japan holds rate at 0.75% amid Iran conflict
NewsBytes | April 30, 2026 2:39 AM CST
Ueda raises inflation forecast trims growth
Governor Kazuo Ueda and his team now expect core inflation to hit 2.8% this fiscal year, a bit higher than before, but they've lowered their growth forecast from 1% to just 0.5%.
After the announcement, Japan's yen got a slight boost against the dollar.
Many analysts think a rate hike could come by June, and there is talk that Japan's Finance Ministry might step in if currency swings get too wild.
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