{
  "id": 17201522,
  "title": "BOJ holds interest rates steady, raises inflation forecast",
  "url": "https://urgent.news/2026/10/30/boj-holds-interest-rates-steady-raises-inflation-forecast",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T08:42:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/737013/business/boj-holds-interest-rates-steady-raises-inflation-forecast"
  },
  "original_language": "en",
  "account": "The Bank of Japan (BOJ) maintained its key interest rate at 1.25% on Friday, but increased its inflation forecast for the fiscal year 2027 and indicated more monetary tightening as price pressures escalated. The decision was made by an 8-1 vote, with board member Hajime Takata dissuading the majority to raise the rate to 1.5%. According to the central bank's October Outlook for Economic Activity and Prices, underlying consumer price inflation was closely aligned with its 2% price stability target and projected to remain near that level. Nevertheless, the bank cautioned that risks to the inflation outlook were primarily positive. The BOJ revised its forecast for the consumer price index, excluding fresh food, for fiscal 2027 upwards to 2.6% from 2.4% in its prior projection, attributing the rise to the increase in crude oil prices since the summer. Fiscal 2027 spans from March 2027 through March 2028. The BOJ affirmed its commitment to raising its policy rate and modifying the magnitude of monetary accommodation in response to economic activity, price, and financial conditions developments, while evaluating the suitable timing and rate of additional adjustments.",
  "summary": "The Bank of Japan (BOJ) kept its key interest rate unchanged at 1.25% on Friday, but raised its inflation forecast for fiscal 2027 and signaled further monetary tightening amid mounting price pressure...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Nikkei Asia",
        "title": "BOJ holds interest rates, raises 2027 inflation outlook",
        "url": "https://urgent.news/2026/10/30/boj-holds-interest-rates-raises-2027-inflation-outlook",
        "published": "2026-10-30T01:40:51.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "BOJ holds rates as inflation aligns with 2% target for first time since 2013",
        "url": "https://urgent.news/2026/10/30/boj-holds-rates-as-inflation-aligns-with-2-target-for-first-time",
        "published": "2026-10-30T03:16:28.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "BOJ keeps interest rates steady as expected; says CPI inflation now at target",
        "url": "https://urgent.news/2026/10/30/boj-keeps-interest-rates-steady-as-expected-says-cpi-inflation-now-at",
        "published": "2026-10-30T03:21:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}