Japan===Bank of Japan

The Japan===Bank of Japan has reiterated its pledge to keep raising interest rates to normalize monetary settings. While the weak GDP report is unlikely to immediately alter its policy, it adds complexity to its efforts to contain inflation amidst a struggling economy.

The Japan===Bank of Japan kept its benchmark interest rate on hold at 0.75%, citing the war with Iran and rising crude oil prices as factors influencing its monetary policy decision.

The Japan===Bank of Japan reported that producer prices in Japan were down 0.1 percent on month in February, missing forecasts.

A Japan===Bank of Japan board member urged continued interest rate hikes, influencing the yen's recovery, while data showing cooling Tokyo inflation boosted the case for a pause.

The Japan===Bank of Japan is due to meet next week, with most expecting it to keep rates unchanged amidst global market volatility.