According to people familiar with the matter, the Bank of Japan may consider raising the economic growth forecast for the fiscal year ending March next year at this month's policy meeting while keeping the policy interest rate unchanged — previously the bank had raised interest rates to the highest level since 1995. Sources pointed out that global demand related to artificial intelligence continues to be strong, helping the Japanese economy to remain resilient. Officials will also consider revising the “downward bias” assessment of economic risk, which reflects growing confidence that Japan's economy can avoid a severe recession. People familiar with the matter said that officials will make final decisions on policy and economic prospects after evaluating all data and information available up to the last minute.

According to people familiar with the matter, the Bank of Japan may consider raising the economic growth forecast for the fiscal year ending March next year at this month's policy meeting while keeping the policy interest rate unchanged — previously the bank had raised interest rates to the highest level since 1995. Sources pointed out that global demand related to artificial intelligence continues to be strong, helping the Japanese economy to remain resilient. Officials will also consider revising the “downward bias” assessment of economic risk, which reflects growing confidence that Japan's economy can avoid a severe recession. People familiar with the matter said that officials will make final decisions on policy and economic prospects after evaluating all data and information available up to the last minute.