Despite the return to positive interest rates, BoJ officials do not see the first increase as a signal that more will quickly follow.
Kana Inagaki in Tokyo
The Bank of Japan has ended an era of negative interest rates, raising borrowing costs for the first time since 2007 in a historic shift as the country puts decades of deflation behind it.
Kazuo Ueda, the BoJ governor, brought an end to more than a decade of ultra-loose monetary policy, abandoning a swath of easing measures that were put in place to stimulate Asia’s most advanced economy.
Following a 7-2 majority vote the BoJ said