India, July 31 -- The Japanese yen weakened against other major currencies in the Asian session on Friday, after the Bank of Japan maintained its key interest rate, as widely expected, after raising the rate in June.
The policy board voted 8-1 to retain the interest rate at 1.00 percent. The bank had raised its benchmark rate by 25 basis points in June.
In the Outlook for Economic Activity and Prices, the bank said there is risk of underlying inflation deviating upward above the 2 percent target.
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