Decision comes as inflation stays above the 2% target
Auto exports to U.S. plunge nearly 25% as talks stall over escalating Trump tariffs
Globally, exports rose 2% year on year, down from 4% in March
Economy contracted 0.7% in Q1 after recording growth of 2.4% in last year's final quarter
The central bank cited higher wages, inflation in its decision
The broad plan is meant to lift wages, spur growth in the world's fourth largest economy
Weak yen and rising energy prices keeps import costs high
The world’s fourth largest economy grew at an annual rate of 2.9%
The BOJ ends its negative interest rate policy
Kazuo Ueda has the difficult task of steering the world's third-largest economy out of a time of ultra-easy credit