Bank of Japan Holds Rates, Closing a Week Where Every Dissent Called for a Hike
AI summary
The Bank of Japan held its policy rate at 1.25% on October 30 in an 8-1 vote, with board member Hajime Takata dissenting in favor of a hike to 1.5%. The decision capped a week in which every dissenter at both the BOJ and the US Federal Reserve pushed for higher rates, while the Bank of Canada actually raised its rate. A steady BOJ keeps yen carry-trade conditions intact for now, but the unanimous hawkish dissent signals tightening risk that crypto traders should watch.
