Economic Daily published an article stating that the Bank of Japan kept interest rates unchanged in April, but internal divisions have deepened further.
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Under the continued impact of the Middle East geopolitical crisis, Japan's existing economic fragility has been amplified and reinforced through resonance in the financial markets, the real economy, and policy space. The deep cracks in Japan's economy under external storm shocks are becoming increasingly exposed. For policymakers in Japan, fixing the foundation of the economy is especially urgent. However, some Japanese politicians seem intent on diverting domestic discontent through risky advances and provocative tests in the military security arena—a path that history has already proven to be a dead end.
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