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After the Bank of Japan raised the benchmark interest rate as scheduled, the yen's decline against the US dollar widened, and two members voted against it, causing the market to doubt the prospects for further tightening the policy. The yen once fell 0.75% to 157.14 yen per dollar. Although all economists surveyed by the media anticipated the decision, the committee passed the decision by a 7-2 vote, with members Toichiro Asada and Ayano Sato voting against it.
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After the Bank of Japan raised the benchmark interest rate as scheduled, the yen's decline against the US dollar widened, and two members voted against it, causing the market to doubt the prospects for further tightening the policy. The yen once fell 0.75% to 157.14 yen per dollar. Although all economists surveyed by the media anticipated the decision, the committee passed the decision by a 7-2 vote, with members Toichiro Asada and Ayano Sato voting against it.
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