The Bank of Japan (BoJ) has kept its policy rate target unchanged at 0.50 per cent after its 11th review on Tuesday 13 November.
The decision was widely expected, reflecting caution among central bankers over market uncertainty and fallout from problems in the US housing sector.
However, the decision by BoJ''''s nine-member board was not unanimous, but by an 8 - 1 vote. Board member Atsushi Mizuno - who has been proposing a rate hike since July - dissented.
The central bank has kept monetary policy on hold since raising the key overnight call rate target from 0.25 per cent in February, which was its first hike since July last year. The BoJ was expected to release its monthly report on the economy at 3 pm (1130 IST).