April 28, 2026

The Bank of Japan keeps the interest rate unchanged at 0.75%

International

Last night (at noon Japan time), the Bank of Japan announced its interest rate decision, opting to keep the rate unchanged at 0.75%. The vote was split, with six members voting to keep rates unchanged and three voting to raise the rate by 25 basis points. The bank revised its inflation projections upward for this year, from +1.9% to +2.8% year-over-year, primarily due to the impact of the Middle East conflict on energy prices.

Yesterday, the major U.S. stock indices remained largely unchanged, awaiting the Fed’s monetary policy meeting, which will take place this Wednesday. The S&P 500 rose +0.1%, and the Nasdaq gained +0.2%, while the Dow Jones fell slightly by -0.1%. Thus, so far this year, the indices have accumulated gains of +4.8%, +7.1%, and +2.3%, respectively.

Meanwhile, U.S. Treasury yields rose yesterday. The 1-year Treasury note moved from 3.66% to 3.68%, while the 3-year Treasury note rose from 3.80% to 3.82%. For the 10-year Treasury note, the yield rose to 4.34% from the previous 4.30%.

Finally, Coca-Cola and Corning have just released their Q1 2026 earnings, reporting positive surprises in both revenue and earnings per share (EPS) in both cases. After the market closes, Visa, T-Mobile, Welltower, Booking, Seagate, and Starbucks, among other companies, will also release their earnings.

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