Yen Falls Following BoJ Rate Decision

India, Sept. 18 -- The Japanese yen weakened against other major currencies in the Asian session on Friday, following the Bank of Japan (BoJ) interest rate decision.

The Bank of Japan lifted its benchmark rate by a quarter point to a 31-year high, as widely expected.

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The policy board, governed by Ueda Kazu, decided by a 7-2 majority vote to raise the interest rate to 1.25 percent from 1.00 percent.

The current rate is the highest since 1995. The bank had lifted its benchmark rate by 25 basis points in June.

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Published by HT Digital Content Services with permission from RTT News....