A hike to 1.25% would bring the BOJ’s policy rate to levels unseen since 1995
Board decided by a 7-2 vote to raise its policy rate to 1.25% from 1%
BOJ still lags global peers with its policy rate lower than that of the ECB and the US Fed
BOJ still lags global peers with its policy rate lower than that of the ECB and the US Fed
But the widely expected move failed to prop up the yen, which initially falls
But the widely expected move failed to prop up the yen, which initially falls
