The board decided to raise the BOJ's short-term policy rate to 0.5% from 0.25% by an 8-1 vote. Board member Toyoaki Nakamura dissented to the decision. BOJ Governor Kazuo Ueda is scheduled to hold a ...
TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank must maintain loose monetary policy to ensure underyling inflation gradually accelerates toward its 2% target.
the BOJ raised its short-term policy rate from 0.25% to 0.5%. The widely expected move underscores the central bank's resolve to steadily push up interestrates to around 1%. It marks another ...
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