The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline.
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Japan’s central bank has raised borrowing costs to their highest level in 17 years, following an acceleration in consumer price increases in December. The Bank of Japan (BOJ) announced an adjustment to its short-term policy rate, raising it to “around 0.5%.” This decision came shortly after economic data revealed the fastest rise in prices in […] The post Bank of Japan raises rates to highest in 17 years appeared first on NewsclickNG.
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline.
TOKYO: The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation...
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After a long period of stagnation, the return of inflation and wage growth is giving the Bank of Japan room to raise interest rates.
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TOKYO (AP) — The Bank of Japan has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target...