India, Oct. 30 -- The Japanese yen strengthened against other major currencies in the Asian session on Friday, after the Bank of Japan left its key interest rate unchanged after a hike last month as underlying inflation is assessed to be consistent with the 2 percent inflation target.
The policy board, governed by Ueda Kazu, voted 8-1 in favor of holding the interest rate at 1.25 percent, the highest since 1995.
The decision was in line with expectations. The bank had raised the rate by 25 basis points each in June and September. Markets widely anticipate the bank to lift the rate again in December.
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