The Bank of Japan said real interest rates are expected to stay significantly negative. It added that it would keep raising rates if the economy, price outlook is realised.
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Bank of Japan on Friday, December 19, hiked its interest rates to the highest level in 30 years.
It has hiked the overnight call rates by 25 basis points to 0.75%.
The Bank of Japan said real interest rates are expected to stay significantly negative.
BoJ said it will keep raising rates if the economy, price outlook is realised. Wage prices are likely to keep rising, it added.
Yen has extended its decline to an intraday low after the Bank of Japan decision.
This story is being updated
