BOJ's gloomy projections suggest no rate hike this year, ex-top economist says

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Edition: Singapore Indonesia Asia US/UK TOKYO: The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in US tariffs allows it to overhaul gloomy projections made in May, its former top economist Seisaku Kameda said. In a quarterly outlook report released on May 1, the BOJ cut its price forecasts and said underlying inflation will stagnate for some time as uncertainty on US trade policy weighs on the export-reliant economy. The BOJ

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