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Bank of Japan Raises Rates
Bank of Japan raises rates to highest in 17 years
Japan's central bank has increased the cost of borrowing to its highest level in 17 years after consumer price rises accelerated in December. The move by the Bank of Japan (BOJ) to raise its short-term policy rate to "around 0.5 per cent" comes just hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
Bank of Japan raises policy rate to 0.5% and signals further increases
In a well-trailed move, the Bank of Japan on Friday raised the policy rate by 0.25 percentage points, taking it to 0.5 per cent — its highest level in nearly two decades.
Bank of Japan takes rates to 0.5%, the highest level in 17 years
The 25-basis-point move marks the first rate increase since July and takes rates to their highest since the 2008 global financial crisis.
5h
on MSN
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BOJ raises interest rate to highest level since 2008
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BOJ raises policy rate to 0.5%, highest since 2008 amid sustained inflation and rising wages
The Bank of Japan (BoJ) has raised its key short-term interest rate by 25 basis points to 0.5%, marking the highest level ...
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