BOJ Holds Overnight Rate at 1.25%, Signals Further Hikes Ahead
The BOJ policy board voted 8-1 to maintain its overnight call rate target at 1.25%, a level last seen in 1995, while signaling room for future increases.
By Megumi FujikawaTOKYO--The Bank of Japan kept interest rates at a three-decade high on Friday while signaling room for future increases as it achieved a long-sought inflation milestone.The BOJ policy board voted 8-1 to maintain the overnight call rate target at 1.25%--a level last seen in 1995. T…