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Bank of Japan raises interest rates to 31-year high, flags concerns over inflation
The decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting from the hike.
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The decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting from the hike.
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Central banks around the world have hiked rates as high energy prices are pushing up inflation.
Rates are held for the sixth time in a row but the Bank of England says high energy prices make a future rise more likely.