日銀にちぎん 金融きんゆう政策せいさくの維持いじを決定けってい “米べい関税かんぜい影響えいきょうを慎重しんちょうに確認かくにん”判断はんだんか

The Bank of Japan decided to maintain its current monetary policy at the monetary policy meeting held through the 31st.

Regarding the U.S. tariff measures, although Japan and the U.S. reached an agreement last week, it is believed that they decided the impact on the economy and prices should be carefully monitored over time.

The Bank of Japan held the second day of its monetary policy meeting on the 31st and decided to maintain its current policy.

Keep the policy rate unchanged and set the short-term market interest rate at 0.

Encourage it to remain around 5%.

The Bank of Japan implemented an additional rate hike this January, but has kept the policy interest rate unchanged for four consecutive meetings, including this one.

Regarding the U.S. tariff measures that had raised concerns about their impact, although Japan and the U.S. reached an agreement last week, it appears that the decision was made to maintain monetary policy and carefully monitor the effects on the economy and prices, as the impact on corporate earnings and other areas is still not clearly visible at this point.

In addition, the Bank of Japan also released its latest outlook on the economy and prices, and the median forecast of the nine board members is that the real GDP growth rate for this fiscal year will be 0 so far.

From 5% to 0

The inflation rate for consumer prices excluding fresh food this fiscal year is 2.6%.

From 2% to 2

I have adjusted each to 7%.

This reflects the fact that prices of food items such as rice remain high.

The focus will be on how Governor Ueda will explain the future direction of monetary policy at the upcoming press conference.

[Todays outlook] BOJ to discuss keeping policy interest rate unchanged; Bank of Japan holds the second day of its monetary policy meeting on the 31st.

Within the Bank of Japan, while some believe that uncertainty has decreased following the Japan-U.S. agreement on the Trump administrations tariff measures, many also want to assess the impact on corporate earnings and other factors. As a result, discussions at the meeting are expected to focus on maintaining the current policy interest rate.

The Bank of Japans Monetary Policy Meeting enters its second day on the 31st, with Governor Ueda and the other eight committee members discussing the immediate policy outlook.

So far, the Bank of Japan has kept its policy interest rate unchanged for three consecutive meetings, citing uncertainty about the outlook for the domestic economy and prices due to the tariff measures implemented by the Trump administration.

For this meeting, negotiations between Japan and the U.S. regarding tariff measures reached an agreement late this month, and within the Bank of Japan, there is a perception that uncertainty has decreased.

However, many opinions point out that the impact on corporate earnings and other factors is not yet sufficiently reflected in the data and needs to be analyzed over time, and that the tariff negotiations between the United States and China should be closely monitored. Therefore, discussions are expected to be held this time as well with a view to keeping the policy interest rate unchanged.

On the other hand, the Bank of Japan will announce its economic and price outlook through fiscal 2027 in conjunction with this meeting.

We will reflect the latest developments, such as the continued high prices of rice and other goods and the Japan-U.S. agreement on tariff measures, in our forecasts for economic growth and inflation rates. However, since these factors will have a significant impact on future monetary policy management, the focus will be on what kind of projections will be presented.