Japan keeps rates on hold

In a widely anticipated move, the rate-setting board voted 8-1 to keep the cost of borrowing unchanged for the 8th consecutive meeting.

The central bank and its governor, Toshihiko Fukui, have appeared keen to raise rates but a combination less-than-impressive domestic numbers and weakending global credit conditions may have set back any such plans until early next year.

Speaking at a conference after the decision, Fukui remained upbeat however:

"I do not have in mind a specific level that we s

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: