BoJ's Governor Ueda: We are seeing waves of rushing demand and countereffects regarding US tariff policy impact

BoJ's Governor Ueda: The Japan-US trade deal is a great progress. BoJ's Governor Ueda: Japan's economic growth likely to moderate as trade policies lead to slowdown in overseas economy, decline in corporate profits. BoJ's Governor Ueda: Price outlook for 2026, 2027 broadly unchanged. BoJ's Governor Ueda: Underlying inflation likely to stall but gradually accelerate. BoJ's Governor Ueda: We expect wage-inflation cycle to be maintained.

Fed's Powell: In the discussion around policy, the majority view was that inflation is above target, employment is at target, and policy should be somewhat restrictive. Fed's Powell: Expects dissents to be explained in next day or so. Powell Says Differences in Opinions Are Normal and Calls This One of the Best Meetings They've Had Fed's Powell: Inflation is further from our goal than employment. Powell: We'll receive two employment and inflation reports before the next meeting—those will guide our next steps.

The Bank of Japan kept interest rates steady on Thursday and raised its inflation forecast for the current fiscal year, signalling cautious optimism that Japan's trade deal with the U.S. would help the economy avert a steep downturn. As widely expected, the central bank maintained short-term interest rates at 0.5 per cent by a unanimous vote at the two-day ...