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The Bitcoin price didn’t change much after the Bank of Japan (BOJ) kept its benchmark interest rate at 0.5% on Wednesday. The rate increase was what the market expected, and it was done while policymakers thought about how U.S. tariffs under President Donald Trump might affect Japan’s export-based economy.
The BOJ said that trade policies are fraught with “high uncertainties.” Governor Kazuo Ueda emphasized the importance of monitoring the potential impact of tariff plans on markets in Japan and globally.
Global Growth Concerns Add to BOJ’s Caution
The Organization for Economic Co-operation and Development (OECD) recently lowered its prediction for global growth to 3.1% in 2025. This drop is mostly because rising trade tensions are making it harder for businesses to do business with each other. Japan still has room to raise interest rates, according to signs. The Bank of Japan (BOJ), on the other hand, is being cautious. It is not clear what will happen in the world economy. That is, the BOJ is being careful because other central banks, especially the U.S. Federal Reserve, might lower interest rates.
World instability makes it harder for the BOJ to determine if Japan will meet its inflation targets. This makes the bank even more cautious about changing interest rates when the world is unstable.
Japan Keeps an Eye on Trump’s Trade Move
The decision comes before a U.S. Federal Reserve meeting, when rates are also expected to remain constant as Trump’s tariff policies loom large.
Bond yields and monetary policies of Japan have sometimes affected Bitcoin markets. While a stable or weaker yen supports the cryptocurrency’s appeal as an alternative store of value, a stronger yen and increasing rates tend to weigh on bitcoin by attracting money to traditional assets.
Still, when the bank raised rates in January, the price of bitcoin stayed the same because everyone was looking ahead to what policies might change now that Donald Trump is in office.
The rate decision on Wednesday keeps the yields on Japanese bonds low, which keeps the price of bitcoin from falling too much.
Japan kept its interest rate at 0.5% and didn’t change it. The price of Bitcoin didn’t drop any further because the decision was widely anticipated. Japan is paying close attention to how U.S. trade policies might affect its economy, which in turn could affect the price of Bitcoin.
