Mumbai, April 28 -- The Bank of Japan kept its benchmark rate steady at 0.75% in April 2026, marking its highest level since 1995. While the decision was widely expected, a split 6-3 vote revealed growing pressure for tighter policy. The central bank sharply raised its inflation forecast to 2.8%, driven by rising energy costs, even as it cut growth expectations to 0.5%. Despite softer momentum, Japan's economy is projected to expand steadily, supported by government measures and resilient corporate earnings.
Published by HT Digital Content Services with permission from Capital Market....