Bank of Japan keeps policy rate at 0.75% in 6–3 vote as Middle East conflict darkens outlook; June hike back on the table

The Bank of Japan left its key policy rate unchanged at 0.75%, with the decision passing by a 6–3 vote, as the war in the Middle East adds uncertainty to the economic outlook. Analysts say the tone amounts to a "hawkish hold" and are increasingly pricing in a potential rate increase as soon as June. Market impact: › The yen firmed on the hawkish pause › Supportive for bitcoin and other risk assets › Stocks could see a relief rally