Bank of Japan's Kuroda: Tariff risks will not end rate hikes, but pace needs reassessment.

According to the Securities Times APP, the Bank of Japan announced at the monetary policy meeting ending on May 1 that it will maintain the benchmark interest rate unchanged, while lowering the economic growth expectations for the fiscal years 2025 and 2026. Governor Kuroda Kikuo admitted at a press conference that the uncertainty of US trade policy is casting a shadow over the world's fourth largest economy. However, the central bank still adheres to the 2% inflation target, implying that the risk of tariffs may delay rather than end the interest rate hike process.