Reported about 8 hours ago
The Bank of Japan has lowered its growth and inflation forecasts while maintaining interest rates, leading to a decline in the yen against the dollar and a drop in Japanese government bond yields. Economists suggest that the BOJ's cautious stance reflects uncertainty stemming from U.S. trade policies, making future rate hikes less likely. This pessimistic outlook has prompted market reactions, including a sell-off of yen and an increase in bond purchases.
Source: YAHOO