Friday 27th April 2007.

The Bank of Japan has decided to adjust down it's forecast for the Japanese economic inflation. It no longer sees the 0.5% increase it expected for Japan's CPI and feels that 0.1% more accurately reflects the present economic condition of Japan. The BOJ board is sticking to it's guns and repeating that it "will adjust the level of interest rates gradually in accordance with improvements in the economic and price situation"

As such for now we shall see no further increases in the interest rates above the 0.5% that were set in February 2007.