再次按下“暂停键”，日本央行宣布不加息

Group 1 - The Bank of Japan maintained its benchmark policy rate at 0.5%, aligning with market expectations, following the Federal Reserve's decision to hold rates steady [1] - The USD/JPY exchange rate saw a further decline after the announcement, indicating market reactions to the decision [1] - Domestic political risks in Japan are now seen as a constraint on the Bank of Japan's ability to raise interest rates, despite the elimination of some external uncertainties from the US-Japan trade agreement [1] Group 2 - The latest inflation data showed that the consumer price index in Tokyo's 23 wards rose by 2.9% year-on-year in July, a decrease from the previous month, reinforcing the likelihood of maintaining accommodative monetary policy [1] - The focus of the Bank of Japan's meeting was on how much it would signal future interest rate hikes, with the central bank acknowledging significant uncertainties affecting economic and price outlooks [1] - The Bank of Japan revised its core CPI forecasts upward for the fiscal years 2025-2027, with expected median values of 2.7%, 1.8%, and 2.0%, compared to previous estimates of 2.2%, 1.7%, and 1.9% [2] - For GDP growth, the Bank of Japan projected a slight increase to 0.6% for fiscal year 2025, while maintaining previous forecasts of 0.7% and 1% for fiscal years 2026 and 2027, respectively [2]