The Bank of Japan keeps interest rates unchanged, lowers GDP and inflation forecasts, and the expectation of rate hikes cools, pushing the yen lower.

According to the Guotong Finance APP, due to the increased uncertainty brought by US tariffs, the Bank of Japan maintained its interest rate at 0.5%, consistent with expectations; and delayed the time for inflation to reach the target. Subsequently, the yen fell against the US dollar, and Japanese bond prices rose. The yen fell 0.5% to 143.79 against the US dollar. The yield on Japanese 10-year government bonds decreased by 4.5 basis points to 1.265%, and the yield on Japanese 5-year government bonds decreased by 6 basis points to 0.82%.