日本央行声明全文：维持利率不变，两委员提议加息25个基点

Group 1 - The Bank of Japan decided to maintain the benchmark interest rate at 0.5% for the fifth consecutive meeting, aligning with market expectations [1][2] - The central bank will begin selling its holdings of ETFs and J-REITs, with the sale scale expected to be roughly equivalent to the scale of stock purchases from financial institutions [2] - Japan's economy is showing moderate recovery overall, but certain sectors remain weak, influenced by trade policies and tariffs, particularly from the U.S. [2][3] Group 2 - Private consumption remains resilient due to improvements in employment and income, despite consumer confidence being affected by rising prices [3] - The Consumer Price Index (CPI), excluding fresh food, has maintained a year-on-year increase in the range of 2.5% to 3.0%, with inflation expectations rising moderately [3] - Future economic growth in Japan may slow down due to external trade policies and declining corporate profits, although a loose financial environment may provide support [3][4]