Central Banks
Bank of Japan Sits Tight on Rates, With Two Dissenters
Kazuo Ueda, center, at a monetary policy meeting at the central bank's headquarters in Tokyo, Japan, on Thursday, Oct. 30.
Source: Jiji Press/BloombergThe Bank of Japan policy board left its benchmark interest rate unchanged, pushing the yen lower despite Governor Kazuo Ueda giving subtle indications that a hike is coming nearer.
The central bank’s first decision since monetary-easing advocate Sanae Takaichi became prime minister illustrates the delicate balancing act the BOJ must sustain as it tries to gauge the timing for its next move without being swayed by weakness in the currency or political leaders at home or abroad.