Bank of Japan to keep 'accommodative' policy

Bank of Japan governor Toshihiko Fukui said Wednesday 21 February it will maintain its "accommodative" monetary policy for some time, after voting to raise interest rates.

Fukui was speaking after the central bank's policy board voted 8-1 to hike the overnight call rate target to 0.50 pct from 0.25 pct.

"We judged that, taking account of the current assessment of economic activity and prices, it is appropriate to adjust the level of the policy interest rate ... so that a desirable course of eco