BoJ expected to keep its interest rate steady
The Bank of Japan is expected to keep its key interest rate steady at 0.5 percent next week but downgrade its view of the economic outlook to reflect rising inflation and the threat of a slowdown in the global economy.
South Korea, Indonesia and the Philippines held interest rates steady yesterday as expected, pausing in the fight against inflation while they assess how much their economies may suffer from a slowdown in growth in the United States and Europe.