India, April 26 -- The Japanese yen weakened against other major currencies in the Asian session on Friday after the Bank of Japan left its key interest rate unchanged and raised its inflation outlook.
The policy board unanimously decided to hold the uncollateralized overnight call rate to remain around 0 to 0.1 percent.
The board also voted to conduct its bond purchase programme in line with the decisions made at the March meeting.
The bank today upgraded its inflation outlook for the fiscal 2024 to 2.8 percent from 2.4 percent. Likewise, the projection for the fiscal 2025 was lifted to 1.9 percent from 1.8 percent. Inflation is seen at 1.9 percent in the fiscal 2026.
At the same time, the bank lowered its growth projection for the fis...