BOJ Hikes Policy to 1.25% as Yen Falls and Nikkei Rises
Japan's central bank lifted its policy rate to 1.25%, the highest since 1995, prompting a weaker yen and a slide in the 10-year JGB yield even as the Nikkei 225 climbed about 1.5%; the move came with a split 7-2 vote and without updated forecasts, fueling debate over how high rates will eventually go, with a December hike still seen as possible.