In Tokyo, the Bank of Japan announced on Wednesday its decision to maintain the current interest rates, indicating a cautious approach to assess the potential impact of increasing global economic uncertainties stemming from elevated U.S. tariffs on Japan’s delicate economic recovery.

As anticipated, the board opted to keep the Bank of Japan’s short-term policy rate unchanged at 0.5%, with a unanimous vote.

BOJ Governor Kazuo Ueda is scheduled to host a press briefing at 3:30 p.m. (0630 GMT) to elaborate on the policy choice.

(Reported by Leika Kihara; Manuscript adjusted by Chang-Ran Kim)