Institutions: Uncertainty in tariffs + risks to economic growth will keep the Bank of Japan on hold for the time being.

Jin10 data April 30 news, IG Group stated that the US-Japan trade negotiations lack progress, continuing to cast a shadow over Japan's economic outlook, complicating the Bank of Japan's path to policy normalization. In the face of ongoing tariff uncertainties and economic growth risks, policymakers may choose to remain on the sidelines. The latest economic forecasts will be the focus. Given the risks faced by Japan's export-dependent economy, this year's GDP growth forecast may be revised downward. Meanwhile, the rising potential Inflation pressures in recent months may pose upward risks to the Bank of Japan's inflation outlook. However, wage growth exceeding Inflation could instill confidence for further tightening of policies.

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