Bank of Japan Likely to Postpone Further Interest Rate Hike; Inflation Rate to Be Revised Upward at July Meeting: Asahi Shimbun

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The Bank of Japan is likely to postpone further interest rate hikes at the monetary policy meeting to be held on the 30th and 31st, and maintain the current policy interest rate (around 0.5%). The price hikes for food items such as rice have continued for a long time, and the forecast for the inflation rate in fiscal 2025 has been revised upward.