Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal 'virtuous cycle' in play
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.
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 decision by the central bank came at the end of a two-day policy board meeting in Tokyo.
Bank of Japan raises interest rate to ‘around’ 0.5%
The Bank of Japan has raised short-term interest rates to “around 0.5 per cent” in a well-signalled move that extends the country’s monetary policy “normalisation”. The central bank’s decision by a vote of 8-1 to increase rates from 0.
Alert: The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation
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Bank Of Japan Hikes Key Interest Rate To 0.5 Percent
The Bank of Japan said Friday it was hiking interest rates to their highest level in 17 years despite fears of economic turmoil under US President Donald Trump.
URGENT: Bank of Japan raises policy rate to 0.5% from 0.25%
The Bank of Japan on Friday raised its policy interest rate to 0.5 percent from 0.25 percent, its highest level in about 17 years. The BOJ said it will continue to raise the key short-term rate if the economy and prices move in line with its expectations.
Japan cautious on economy as Trump's policies take centre stage
Japan's government on Thursday maintained a cautious outlook for the economy in part as policymakers kept a wary eye on U.S.
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Has Japan truly escaped low inflation?
Editor’s note: This story was updated on January 24th.
Japan Raises Interest Rates to Highest Level Since 2008
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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