The Bank of Japan held its policy rate at 1.25%, its highest level since 1995, after declaring inflation to be “generally consistent” with its 2% target. The decision was split eight votes to one, with Hajime Takata dissenting in favor of a 1.5% rate. A CNBC survey of 16 economists found that the central bank is expected to prepare for another rate hike in December or January. Core inflation reached 2.1% in September, while inflation-adjusted wages rose for the eighth consecutive month in August.
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