According to BeInCrypto, the Bank of Japan held its policy rate steady at 1.25 percent on October 30 in an 8–1 vote. Board member Hajime Takata was the sole dissenter and recommended increasing the rate to 1.5 percent. Throughout the week, every member who opposed the BOJ’s decision advocated for a rate increase. Similarly, all dissenting voices at the US Federal Reserve this week called for higher rates. The Bank of Canada took a more decisive action by raising its policy rate during the same period.
