Bank of Japan Governor Kazuo Ueda's Insights on Trump Administration

Bank of Japan Governor Kazuo Ueda recently shared his views on the economic measures taken by the Trump administration, stating that they have so far aligned with expectations. Ueda made these remarks during a press conference following the bank's latest interest rate decision.

He noted that the US administration's actions have not caused significant market disruptions, but the Bank of Japan remains cautious about the potential effects of tariff policies on Japan and the global economy.

Interest Rate Decision

In an 8-1 vote, the Bank of Japan decided to increase its benchmark interest rate by 25 basis points, from 0.25% to 0.5%, marking the highest level in 17 years. This decision reflects the bank's ongoing efforts to manage economic stability and growth amidst global economic uncertainties.