Japan holds rates at 0.5%

The Bank of Japan's rate-setting committee voted eight to one in favour of maintaining their benchmark rate at about 0.5% on Thursday.

The vote against the decision is likely to have come from Atsushi Mizuno, who has repeatedly called for the central bank to raise rates.

"Futures rallied slightly on the release of the announcement because there was a bit of a relief that none of the others joined Mizuno," said Colin Asher, a senior economist at investment bank Nomura.

Toshihiko Fukui, the gov

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