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Real-time News
April 21, people familiar with the matter said that despite the uncertainty caused by US tariffs, Bank of Japan officials do not see the need to change their existing stance of gradual interest rate hikes at this time. People familiar with the matter said that Bank of Japan officials believe that Trumps tariff actions and retaliatory actions against the United States may weaken Japans economy and may delay the progress of the central banks price target. But for now, their overall economic forecasts remain largely unchanged as they wait for more data to analyze the impact of US tariffs. Given the various possible economic scenarios, officials view is that it is too early to incorporate these scenarios into the basic forecast and make major changes to the central banks policy stance, people familiar with the matter said. The Bank of Japan may also consider lowering its inflation expectations in the quarterly economic report released at the end of the policy meeting, people familiar with the matter said. This change would come from a stronger yen, lower oil prices and possible economic weakness. They said the Bank of Japans first core inflation forecast for fiscal 2027 is likely to be around 2%.On April 21, people familiar with the matter said that despite the uncertainty caused by US tariffs, Bank of Japan officials do not see the need to change their existing stance of gradual interest rate hikes at this time. People familiar with the matter said that Bank of Japan officials believe that the Trump administrations tariff actions and retaliatory actions against the United States may weaken Japans economy and may delay the progress of the central banks price target. But the people familiar with the matter added that for now, their overall economic forecasts remain largely unchanged because more data is needed to analyze the impact of US tariffs. Given the various possible scenarios for the economy, officials view is that it is too early to incorporate these scenarios into the basic forecast and make major changes to the central banks policy stance, the above-mentioned people familiar with the matter said.Sources: India wants to impose a 12% temporary tariff or safeguard duty on imported steel "as soon as possible".On April 21, Ankai Bus announced that its operating income in the first quarter of 2025 was 658 million yuan, a year-on-year increase of 14.84%. Its net profit was 4.3703 million yuan, a year-on-year decrease of 9.95%.Market news: The Bank of Japan is reportedly discussing lowering its economic growth forecast for this year.
