TOKYO — Bank of Japan Gov. Kazuo Ueda on Thursday signaled that the central bank is still on a path to raise rates despite extreme uncertainty from U.S. President Donald Trump’s sweeping tariff policy.
The bank kept its policy rate, an uncollateralized overnight call rate, at 0.5% the same day. It was the first board meeting since Washington announced a wave of “reciprocal” tariffs in early April. The BOJ also stood pat at its March gathering following a 25-basis-point hike in Janu.
