The Bank of Japan (BoJ) decided not to raise its interest rate amidst panic in the bond market, following a recent hike to 0.75%. The BoJ raised GDP growth expectations for 2025 and this fiscal year. Concerns about Japan's national debt and political instability were heightened by Prime Minister Takaichi's announcement of snap elections and a controversial tax cut. Takaichi's leadership faces challenges from the opposition and economic pressures, while global markets react to Japan's fiscal policies and bond market volatility.