world-economy

Bank of Japan Holds Rate Steady, Upgrades Growth Outlook

The Bank of Japan kept its benchmark interest rate unchanged Friday following its two-day policy meeting. The central bank lifted its benchmark rate last month to the highest level since 1995.

The BOJ upgraded its economic growth forecast, signaling confidence in Japan's recovery trajectory. Tokyo's inflation continues to accelerate, reinforcing expectations that further rate increases could follow in coming months.

The decision reflects the central bank's commitment to gradual policy normalization following an extended period of ultra-loose policy. Officials have signaled their willingness to tighten monetary conditions as economic conditions warrant.