Bank of Japan policymakers were divided in making the first cut in more than seven years on Friday. The central bank lowered its overnight lending rate from 0.5% to 0.3% due to a "severe" adjustment in the world economy.
The eight-strong rate-setting committee was split in half, with four members favouring a 30 basis-point cut and four opposing the move. Masaaki Shirakawa, the governor of the central bank, cast the deciding vote in favour of a cut.
The central bank said adjustments in the wor