The Bank of Japan (BOJ) kept its ultra-low interest rates unchanged on Thursday, emphasizing the importance of closely monitoring global economic trends, particularly given the risks to Japan’s delicate recovery. While BOJ officials projected inflation near the 2% target over the next few years, they maintained a cautious stance on future rate increases, stating that any policy adjustments would depend on sustained economic growth. In its quarterly outlook report, the BOJ underscored the need to observe the economic trajectory of key overseas markets, especially the US, along with financial ma…