BOJ faces tricky path toward a rate hike as Fed goes other way

No recent precedence of Japan's central bank raising rates amid U.S. cuts

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If the Fed decides to make more large interest rate cuts, it could became harder for the BOJ to raise rates further. (Photo by Suzu Takahashi)

ISAYA SHIMIZU, Nikkei senior staff writer

TOKYO -- If the Bank of Japan were to hike policy rates while the U.S. goes in the opposite direction, such a gambit would completely break with precedence established over the past quarter century.

The BOJ stood pat on its policy on Friday, two days after the U.S. Federal Reserve cut rates by half a percentage point, the first cut in four years.

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