The decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting from the hike.
The Bank of Japan has raised its policy rate by 25 basis points to 1.25%, the highest level since 1995.
The move also marked a quickening in the BOJ's rate hike cycle since it started monetary poli… [+1975 chars]
The move also marked a quickening in the BOJ's rate hike cycle since it started monetary poli… [+1975 chars]