Bank of Japan likely to maintain interest rates in April

The Bank of Japan will likely hold interest rates steady this month due to Middle East uncertainty. Officials may signal a potential rate hike for June.

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The Bank of Japan is expected to maintain its current interest rate levels during its upcoming meeting, according to sources familiar with the central bank's deliberations. The decision to hold off on a rate hike comes as the economic and price outlook for Japan remains highly uncertain due to the ongoing conflict in the Middle East. While a final decision may be a close call, the bank is reportedly leaning toward standing pat to spend more time assessing the geopolitical fallout.

A pedestrian passes the headquarters of the Bank of Japan in Tokyo, Japan. REUTERS/Kim Kyung-Hoon
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