Japan maintains 0.5% target as Fukui steps down

The Bank of Japan opted to keep rates on hold for the 15th straight vote.

It is the fourth time in a row that the nine-member council has unanimously backed the decision to keep the benchmark overnight uncollateralised call rate at 0.5%.

Toshihiko Fukui, the governor of the central bank who is due to depart on 19 March, veered little from the central bank's stance in his comments following the decision.

"Fukui remained reasonably upbeat, acknowledging slower growth overseas, but maintaining w