Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation
Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level. The decision by the Bank of Japan came Friday at the end of a two-day policy board meeting in Tokyo.
Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
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Japanese retail investors’ hunger for overseas equities is weighing further on the yen, adding to downside risks posed by ...
2-Year U.S. Treasury Note Continuous Contract $102.738-0.066-0.06% 5-Year U.S. Treasury Note Continuous Contract $106.156-0.109-0.10% 10-Year U.S. Treasury Note Continuous Contract $108.516-0.094 ...
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Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S.
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Japan is closely watching currency market positions, including those built on speculative bets, because volatility in ...
TOKYO (AP) — Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year, the ...
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.
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