The Bank of Japan maintained its interest rate on Thursday and lifted its inflation outlook citing the rise in food prices.
The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
Previously, the bank had raised the benchmark rate to the current level from 0.25 percent in January. In the Outlook for Economic Activity and Prices, the bank raised its inflation outlook due to the rise in food prices. For the fiscal 2025, inflation forecast was lifted to 2.7 percent from 2.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.