BOJ Keeps Policy Intact, Cuts FY 2025 GDP Forecast
Tokyo, May 1 (Jiji Press)--The Bank of Japan on Thursday decided to keep its monetary policy unchanged while cutting its fiscal 2025 growth forecast for the Japanese economy.
The nine members of the BOJ's Policy Board, at a two-day meeting from Wednesday, unanimously voted to maintain the policy of guiding the unsecured overnight call rate, Japan's benchmark short-term interbank lending rate, to around 0.5 pct. The policy rate was raised from around 0.25 pct in a decision made in January.
In its latest quarterly Outlook for Economic Activity and Prices report, adopted at the Policy Board meeting, the BOJ cut its growth projection for Japan's real gross domestic product for fiscal 2025, which started last month, to 0.5 pct from 1.1 pct in the previous report released in January. The GDP growth outlook was revised down to 0.7 pct from 1.0 pct for fiscal 2026 and the newly disclosed growth projection for fiscal 2027 stood at 1.0 pct.
(2025/05/01-12:40)
To read a full story, please click here to find out how to subscribe.
NATIONAL
-
05/01 21:42 (Update) BOJ's Ueda Warns of Slowing Inflation in Japan - 05/01 21:12 Man Arrested in Osaka after Hitting 7 Kids with Car
- 05/01 19:08 Victims Mourned 69 Years after Minamata Disease Recognition
- 05/01 16:52 Japan, EU to Strengthen Economic Security Cooperation
-
05/01 16:52 Underlying Inflation to Slow for Now: BOJ's Ueda - 05/01 16:21 India Pavilion Opens at Osaka Expo
- 05/01 15:21 EV Charging Format to Be Discussed in Japan-U.S. Tariff Talks
- 05/01 14:19 Remains of Ainu People in Britain Returned to Japan
- 05/01 13:51 Families Ask for U.S. Cooperation over N. Korea's Abduction
- 05/01 13:39 (Update) BOJ Keeps Policy Intact, Cuts Inflation Forecasts
- 05/01 13:13 Inside of Sewage Pipe at Saitama Cave-In Site Checked after 3 Months
- 05/01 12:40 BOJ Keeps Policy Intact, Cuts FY 2025 GDP Forecast
- 05/01 12:37 Hidankyo Member Calls for Elimination of Nuclear Weapons
- 05/01 09:58 LDP's Onodera Preps Akazawa for U.S. Tariff Talks
- 04/30 21:24 Ishiba Cautious on Consumption Tax Cut
- 04/30 20:25 Ex-Leaders of Japan's Komeito Meet with CPC Official
- 04/30 19:50 Japan FTC Probing NPB over Fuji TV Press Pass
- 04/30 19:47 315 People Gearing Up to Run in Japan Upper House Race
- 04/30 19:29 Former Vietnamese Refugee Thankful for Japan after 45 Years
- 04/30 18:01 "Many" Honda Cars Coming In: Trump
- 04/30 17:34 Only 1.4 Pct of Govt-Stockpiled Rice Reaches Retailers
- 04/30 17:02 Vietnam Pavilion Opens at Osaka Expo
- 04/30 16:54 Suspect in Saitama Girl Killing Claims Dire Circumstances
- 04/30 16:27 Japan NRA Gives Tomari N-Reactor De Facto Pass in Safety Screening
- 04/30 15:19 (Update) CDP Submits Bill for Selective Surnames
- 04/30 14:36 Chinese Official Positive about New Giant Panda Contract with Japan
- 04/30 14:19 Akazawa Leaves for 2nd Round of Tariff Talks with U.S.
- 04/30 14:13 Japan's Industrial Output Falls 1.1 Pct in March
- 04/30 13:36 Govt-Stockpiled Rice Sold 420 Yen Cheaper in 3rd Auction
- 04/30 13:13 CDP Submits Bill for Selective Surnames
- 04/30 12:17 Families of Abductees in N. Korea Meet with U.S. Official
- 04/30 10:33 Kabuki Actor Kikunosuke Assumes Name Onoe Kikugoro VIII
- 04/29 22:07 (Update) Ishiba, Marcos Agree to Start Intelligence Sharing Talks
- 04/29 20:59 Ishiba, Marcos Agree to Start Intelligence Sharing Talks
- 04/29 20:34 U.S. Forces, Okinawa Officials to Meet in May
- 04/29 19:54 (Update 2) LDP's Moriyama Urges China to Remove Import Restrictions
- 04/29 16:21 (Update) LDP's Moriyama Urges China to Remove Import Restrictions
- 04/29 13:33 LDP's Moriyama Seeks Concrete Results on Japan-China Issues
- 04/29 11:07 Iwaya, Guterres Reaffirm Need for U.N. Security Council Reform
- 04/29 09:58 Japan's Iwaya Calls for Collaboration for Nuke Nonproliferation
- 04/29 09:37 Japan Recognizes 3,990 People in Spring Honors
- 04/29 09:00 Items of A-Bomb Victim Who Died on Day of Enlistment to Be Displayed
- 04/28 20:11 Saigo Becomes 5th Japanese Woman to Win Major Golf Title
- 04/28 20:03 Retail Rice Price Hits Fresh Record High in Japan
- 04/28 19:46 Japan Defense Chief, U.S. Envoy Vow to Boost Alliance
- 04/28 19:14 Osaka Expo Ring May Be Partially Preserved
- 04/28 17:49 Okagi Hayashi, Japan's Oldest Person, Dies at 115
- 04/28 17:44 Global Military Spending Up 9 Pct in 2024; Japan Up 21 Pct
- 04/28 16:21 2 Japanese Place 1st in Int'l Youth Ballet Competition
- 04/28 15:51 Spring Japan Medal Recipients Include Rakugoka Ryutei Ichiba
- 04/28 15:36 Nostalgic Games, Toys Spark Renewed Interest in Japan
- 04/28 14:24 Japan's Liberty Island Euthanized after Injury in Race
- 04/28 13:45 80 Years On, Japan Govt Seeking Testimonies from All Hibakusha
- 04/28 13:42 Japan, Vietnam Agree to Boost Security Cooperation
- 04/28 13:11 Nobel Laureates Urge Trump, Putin to Meet on Nuke Disarmament
- 04/28 13:07 Ellie Omiya, Versatile Cultural Figure, Dies at 49
- 04/28 11:49 (Update) Japan Denies Bessent's Reported Remark about Yen
- 04/28 11:07 3 Killed in 2 Multiple-Car Accidents on Tohoku Expressway
- 04/28 10:19 Over 20 Pct of Japan's Water Pipes past Service Life
- 04/28 00:58 Suprapartisan Group of Japanese Lawmakers Visits China
- 04/27 22:40 (Update) Ishiba Starts Tour of Vietnam, Philippines
- 04/27 20:13 Japan Crown Prince Attends Memorial Mass for Pope Francis
- 04/27 19:12 Haneda Terminal Operator Unit Underreports Income by 100 M. Yen
- 04/27 13:39 Ishiba Leaves for Vietnam, Philippines
- 04/27 11:37 BOJ May Lower Economic, Price Forecasts
- 04/26 22:05 Japan's Iwaya, Others Attend Funeral of Pope Francis
- 04/26 21:34 Families Hold Signature Campaign for Early Return of Abductees
- 04/26 17:23 U.S. Lawmakers Urge Trump to Push for Return of Japanese Abductees
- 04/26 14:17 Ishiba Vows Wage Hikes Keeping Up with Inflation at May Day Event
- 04/26 12:51 U.S. "Very Close to Deal" with Japan: Trump
- 04/25 23:36 (Update) Japan Emperor, Empress Host Dinner for Danish King
- 04/25 23:29 Japan Conveys Regrets to Denmark over Sea Shepherd's Watson
- 04/25 22:54 Japanese Emperor Naruhito Hosts Dinner for Danish King
- 04/25 22:26 S. Korean Court Orders Japan to Compensate in Comfort Woman Case
- 04/25 22:04 Remains of Ainu People in Britain to Be Returned to Japan
- 04/25 21:12 LDP's Moriyama Sees Room for More Corn, Soybeans from U.S.
- 04/25 20:36 Japan Foreign Min. Iwaya to Attend Pope's Funeral
- 04/25 19:52 CDP to Pledge 1-Yr Zero Pct Consumption Tax for Foods
- 04/25 19:33 Tokyo to Search for Birth Parents of Man Switched as Newborn
- 04/25 18:43 Denmark King Visits Hiroshima Peace Memorial Park
- 04/25 18:35 LDP's Takaichi to Visit Taiwan from Sun.
- 04/25 17:47 Amazon Japan Ordered to Pay Damages for Mishandling Counterfeits
- 04/25 17:45 Japan to Install Renewable Energy Systems at 4,000 Shelters
- 04/25 17:10 Govt Begins Special Probe of Japan Post over Improper Driver Checks
- 04/25 16:53 Ishiba Orders More Aid for Employment "Ice Age" People
- 04/25 16:48 (Update) Many G-20 Officials Seek to Maintain Free Trade System
- 04/25 16:04 35 Pct of Japan Local Govt Officials Face "Customer Harassment"
- 04/25 15:25 PFAS Levels Over Standard at 242 Sites in Japan
- 04/25 14:55 Victims Mourned 20 Years after Train Derailment Accident in Japan
- 04/25 14:00 INTERVIEW: Firms' Environmental Drive Unshaken by U.S. Policy Shift
- 04/25 12:29 Tokyo Core Consumer Prices Log Steepest Rise in 2 Years
- 04/25 11:50 Japan Unveils Emergency Measures to Cushion U.S. Tariff Impact
- 03/24 21:30 Beijing Rejects Tokyo's Protest over Statement on Ishiba's Remark
