BOJ revises inflation forecast down while keeping rates unchanged

Bank of JapanCentral bank delivers widely expected move amid protracted Iran war and weak yenAs crude oil prices rise again, the Bank of Japan is facing a difficult decision on how to respond to inflation. (Photo by Rie Ishi)JADA NAGUMOJuly 31, 2026 12:16 JSTTOKYO -- The Bank of Japan, in a widely expected move, decided to hold its benchmark interest rate steady on Friday while lowering its inflation outlook for the current fiscal year.