BOJ raises rates, Fukui staying put

The Bank of Japan on Friday 14 July ended its five-year-old policy of keeping interest rates near zero, saying that the nation has emerged from deflation and overcome the long economic slump.

The BOJ's policy board voted unanimously to raise the unsecured overnight call rate target, its key monetary policy rate, to 0.25% from zero percent.

The board also voted 6-3 to lift the Lombard rate to 0.40% from 0.10%, which takes effect immediately.

"We have taken the first steps toward reviving interest

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