The Bank of Japan kept interest rates on hold Thursday at 0.5 percent, warning of lingering economic "high uncertainties" linked to US trade tariffs.

The decision, widely expected by economists, came after the first monetary policy meeting since Sanae Takaichi became Japan's new premier last week. Also Read | US Fed Meeting: Powell-led FOMC cuts key interest rates | Highlights

"High uncertainties still remain regarding the impact of trade and other policies on economic activity and prices at home and abroad," the BoJ said in a statement following the decision.

The announcement also came after US Treasury Secretary Scott Bessent told his Japanese counterpart about the importance of "anchoring inflation expectations ".

Bessent visited Tokyo along with US President Donald Trump w

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