The Bank of Japan is seen holding rates steady this week as it made a move at the last policy board meeting and because the economy faces significant uncertainty related to tariffs.
“There is no urgency to act following the 25-basis-point hike to 0.5% at the previous meeting in January,” wrote Masamichi Adachi, an economist at UBS Securities, in a report released last week.
The bank’s policy board meets this week for two days and will announce its decision on Wednesday. In January, the BOJ voted to raise its short-term policy rate to 0.5% from 0.25%, taking it to the highest level since the 2008 financial crisis.
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