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Bank of Japan raises interest rates
Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation
The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. “The economy is gradually recovering,” BOJ Gov. Kazuo Ueda told reporters after a two-day policy board meeting in Tokyo.
Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
Bank of Japan's Rate Hike Decision A Boost For Lenders
In a widely anticipated move, the Bank of Japan on Jan. 24 raised its short-term policy rate to 0.50% from 0.25%. Read more here.
1d
BOJ may revert to fuzzy communication after Fed-style clarity on rates
Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating ...
3d
Japan Gains Confidence in Exiting Rock-Bottom Borrowing Costs
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...
3d
on MSN
Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.
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