In a recent meeting, the Bank of Japan decided to keep interest rates steady for the second consecutive time as uncertainty surrounding U.S. tariffs has prompted a significant cut in growth forecasts. With rising fears that the tariffs will impact exports, the BOJ has lowered its economic outlook, acknowledging the challenges posed by the current global trade environment. Governor Ueda remarked that underlying inflation is expected to cool down due to these tariffs and slower global growth. While Tokyo stocks saw a rise following the decision, the yen slid alongside government bond yields, indicating market concerns over the potential economic fallout from ongoing tariff disputes.