Bank of Japan Poised to Keep Policy Rate at 1% as Inflation Expectations Climb
The Bank of Japan is widely expected to hold its policy rate at 1% at the July 30-31 meeting after raising borrowing costs by 25 basis points in June. Forecasters anticipate an upward revision to fiscal 2026 GDP growth, a slight downward tweak to core inflation forecasts because of energy subsidies, and continued anchoring of long-term price expect…