1. The Bank of Japan (BOJ) maintained its interest rate at 0.75%, but three board members dissented and proposed a hike to 1.0% amid upwardly revised inflation forecasts.
2. Japan's Ministry of Finance stated it is ready to take "decisive action" in the forex market in response to volatility, causing choppy movement in the Dollar/Yen pair.
3. The market registered a hawkish reaction to the BOJ's decision, with both the Nikkei index and JGB (Japanese Government Bond) futures declining.
BOJ Holds Rates Amid Hawkish Dissent, Ministry Warns on Yen Volatility, Nikkei Drops
