Source: International Business Times
Japan's central bank cut its growth forecasts for 2025 and 2026 over the uncertainties brought by Donald Trump's tariffs AFP The Bank of Japan on Thursday left its key interest rate unchanged but revised down its growth forecasts, warning that US trade tariffs are fuelling economic uncertainty. "The introduction of wide-ranging tariffs is expected to impact global trade activity," the central bank said. "Heightened uncertainties regarding policies including tariffs are likely to have a large impact on business and household sentiment around the world and on the global financial and capital markets.
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