刚宣布，不加息

Core Viewpoint - The Bank of Japan (BOJ) decided to maintain the interest rate at 0.5%, marking the fourth consecutive meeting without changes, aligning with market expectations [1][3]. Economic Outlook - The BOJ raised its core Consumer Price Index (CPI) forecasts for the fiscal years 2025 to 2027, with median projections now at 2.7%, 1.8%, and 2.0%, compared to previous forecasts of 2.2%, 1.7%, and 1.9% respectively [3]. - The economic growth forecast for the fiscal year 2025 was adjusted from 0.5% to 0.6% year-on-year [3]. Trade Policy Impact - The BOJ noted that economic outlook risks are skewed to the downside, with significant uncertainties stemming from trade policies [6]. - Recent progress in trade agreements between Japan and the United States, including a $550 billion investment from Japan, is expected to influence the economic landscape [6]. Future Rate Hike Expectations - The BOJ reiterated that it would consider raising interest rates if economic and price developments align with its expectations, although no specific timeline for future rate hikes was provided [7]. - There is a consensus among various institutions that a rate hike in October is likely, with expectations of a 25 basis point increase to 0.75% [8][9][10].