April 28 : The Bank of Japan kept interest rates steady on Tuesday but three of the nine-member board proposed hiking borrowing costs, signalling the bank's concern over inflationary pressures from the Middle East conflict. As widely expected, the central bank left unchanged its short-term policy rate at 0.75 per cent in a two-day meeting that ended on Tuesday. Board members Hajime Takata, Naoki Tamura, and Junko Nakagawa dissented from the decision, instead calling for a hike to 1.0 per cent.

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