Bank of Japan Cuts Economic and Inflation Outlook for FY 2025, Keeps Rate Steady
Tokyo: The Bank of Japan (BOJ) on Thursday cut its economic and inflation projections for the current fiscal year from April and maintained its benchmark interest rate, as concerns grew over the impact of hefty US tariffs on the economy. According to Emirates News Agency, the central bank warned of a decline in domestic corporate profits as trade frictions are likely to lead to a slowdown in overseas economies. It also revised downward its outlook for economic growth and prices for fiscal 2026. In the latest quarterly outlook report, the central bank said it expects the Japanese economy to grow