The Bank of Japan maintains its policy rate unchanged for the third consecutive time.

On April 28, local time, the Bank of Japan decided to keep its policy interest rate unchanged at around 0.75% at the monetary policy meeting. Due to concerns that the rise in oil prices could lead to a cooling of the Japanese economy, the Bank of Japan stated that it will not rush to raise interest rates, but will continue to observe its impact. This is the third consecutive time that the Bank of Japan has maintained its target interest rate. In addition, the Bank of Japan lowered its real GDP growth forecast for the fiscal year 2026 from 1.0% to 0.5%.