The Bank of Japan (BOJ) has kept its policy rate steady at 0.75% and revised its inflation estimates upwards due to the Iran war. The decision was made in a split 6-3 vote and was in line with Reuters-polled analysts' estimates. The BOJ also reduced its growth forecasts for fiscal year 2026 to 0.5% from 1.1%, and raised its core inflation forecasts to 2.8%. The bank warned that Japan's economic growth would likely decelerate due to rising crude oil prices, which is expected to impact corporate profits and real household incomes.