BOJ board keeps monetary policy unchanged

The Bank of Japan (BOJ) said on Friday its policy board decided to continue its policy of driving the key overnight call rate to 0.25%, a decision widely expected by financial markets. The decision was by a majority vote.

At its August 11 meeting, the board bucked fierce political pressure and ended its 18-month "emergency" policy of guiding key short-term rates to zero. That was Japan's first interest rate hike in 10 years.

Since then, BOJ governor Masaru Hayami has stressed that the central b