Bank of Japan holds fixed prices because Trump’s tariff casts a shadow

The central bank in Japan kept the main policy rate fixed at 0.5 % at the end of Wednesday to hold a two -day meeting.

The move, which was in line with the market expectations, comes at a time when the Bank of Japan is the potential impact of the policies of US President Donald Trump on its export reliable economy.

BOJ decision comes before the American Federal Reserve Politics meetingAs the central bank is expected to maintain the standard interest rate.

BOJ raised short -term rates to 0.5 % of 0.25 % in January, The highest level since 2008After completing the huge motivation program last year. The central bank indicated its willingness to raise the rates of more economic growth and inflation in line with its expectations.

Some analysts said that the price plate can discuss another rate of prices in May, due to concerns about inflationary pressure from wage gains and stubborn height in food costs.

The largest labor union in Japan announced on Friday that it managed to secure an average 5.46 % increase in wages From April – the largest increase in more than three decades.

The Japanese Union Federation, or the RINGO, which includes about 7 million members, said the first scheduling of the results covering 760 units was 0.18 Celsius higher than the increase last year of 5.28 %.

Small to medium companies witnessed an average rate of 5.09 %, an increase of 0.67 percentage points from last year and the first time since 1992, which exceeded the wages of such companies a 5 % sign.

According to what was reported that UA Zensen, a group of an umbrella representing retail, restaurant and other industrial unions, said 139 of its members’ unions. An increase in an average of 5.37 % in monthly wages For full -time workers, slightly lower than No. 2024 the record number of 5.91 %.

I saw Japan a The high inflation rate for two years of 4 % In January, as well Family spending on large scale in DecemberWith a rise of 2.7 % year on an annual basis.

The December number was the fastest that domestic spending has risen since August 2022, and the first year -on -year rise since July 2024. Later domestic spending slowed in January to a 0.8 % increase.

BOJ has long repeated that its goal is to see a “virtuous cycle” of high wages in Japan.

However, it seems that the GDP numbers issued last week hold the BOJ path, with the display of numbers in the fourth revised quarter. The Japanese economy grew by 2.2 % On an annual basis, a slower frequency than I mentioned at the beginning. The revised data also came in the average economists’ expectations.

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