BOJ Hikes Rates Amid Split Decision as Yen Drops
The Bank of Japan has raised its key interest rate by a quarter point to 1.25% in a split decision.
The move was met with skepticism as two members of the bank's board dissented, casting doubt on the outlook for further policy tightening.
The yen dropped in response to the news, while markets elsewhere remained relatively calm as falling oil prices and optimism about contained inflation lifted sentiment.