BOJ keeps rates steady, hawkish board member dissents


The BoJ’s headquarters in Tokyo. — Bloomberg

TOKYO: The Bank of Japan kept interest rates unchanged on Thursday but one dissenting board member's proposal to push up borrowing costs showed the bank remains on track to tighten policy early next year.

As widely expected, the nine-member BOJ board voted 8-1 to keep its short-term policy rate unchanged at 0.25% in a sign policymakers preferred to tread cautiously amid uncertainty over U.S. president-elect Donald Trump's economic plans.

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