The Bank of Japan (BOJ) kept its key interest rate unchanged on Friday, while reaffirming its willingness to raise borrowing costs further if inflation risks intensify, following the government's intervention to support the weak yen, as per a Reuters report.
At the conclusion of its two-day policy meeting, the central bank voted 8-1 to maintain its short-term policy rate at 1%. Board member Hajime Takata dissented, proposing a 25-basis-point increase to 1.25%, highlighting continued debate within the policy board over the pace of monetary tightening, according to the report.
