BOJ Sees Little Need to Change Basic Rate Hike Stance

Bank of Japan officials see little need to change their existing stance of gradually raising interest rates for now despite uncertainties stemming from US tariffs, according to people familiar with the matter.

The BOJ officials see the Trump administration’s tariff campaign and retaliatory actions against the US as likely to weaken Japan’s economy and possibly delaying progress toward the bank’s price target, the people said. But for now, their overall economic projections remain largely intact as they wait for more data to analyze the impact of US tariffs, the people added.