BOJ holds rates at 1% as Japan steps in to support yen
What's new: One board member pushed for a hike to 1.25%, and the central bank kept signaling more tightening ahead.
What's new: One board member pushed for a hike to 1.25%, and the central bank kept signaling more tightening ahead.
Why it matters: The move took Japan's policy rate to its highest level since 1995, even as the yen stays near a 40-year low.
What's new: The 7-1 move pushed the Nikkei to a record above 70,000, lifted the yen and paused bond-tapering from April.
What's new: The 7-1 move sent the Nikkei to a record above 70,000 while the yen hovered near 160 per dollar.
What's next: Deputy Governor Ryozo Himino will chair the review as markets brace for a rate hike and clues on further tightening.