Japanese board all back 0.5% rate hold

The Bank of Japan's rate-setting board voted unanimously in favour of keeping its benchmark uncollateralised overnight call rate at 0.5% on Thursday.

This time, even the perennially hawkish Atsushi Mizuno, who has backed a rate rise at the past five meetings, opted for a rate hold.

Thursday's decision is the tenth rate hold in a row, following the increase in February. And the chance of rate rises in the near future have faded further as the central bank's monthly report said that growth "see