The Bank of Japan maintained its negative interest rates and yield targets, as widely expected, and forecast inflation to breach the 2 percent target before falling back in the next fiscal year.
The policy board, governed by Haruhiko Kuroda, on Thursday, voted 8-1, to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.