Post #6012

🇯🇵BOJ Holds Rates, June Hike Still on Table The yen wavered near 159 against the dollar on April 28 after the Bank of Japan held its policy rate at 0.75% following a two-day meeting, while raising its inflation forecast to 2.8% in a split vote. The decision caught markets off guard given the hawkish tone of the accompanying projections. The BOJ's upgraded inflation outlook signals that conditions for further tightening remain intact, with June now viewed as the next viable window for a rate move. A divided board vote adds uncertainty to the timeline, reflecting internal disagreement over the pace of normalization amid yen weakness and external trade pressures. Finance Minister Satsuki Katayama separately warned Tokyo stands ready to take strong measures against speculative moves in the currency market. #Japan @asianomics