Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S. futures edged lower and oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude,
The Bank of Japan raised its short-term interest rate to the highest in seventeen years on Friday as expected, aiming for a
In a significant move, the Bank of Japan has hiked its interest rates to levels not seen since the global financial crisis of 2008 and in line with economists' expectations. This is the first such increase since July of the previous year.
Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.
TOKYO: The Bank of Japan raised interest rates on Friday (Jan 24) to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stably around its 2 per cent target.
Japan’s biggest banks are nearing a key valuation level for the first time in almost a decade as investors bet that the Bank of Japan will raise interest rates on Friday and accelerate its normalisation of monetary policy.
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 level. The decision by the central bank came Friday at the end of a two-day policy board meeting in Tokyo.
Tokyo, Jan 24 (AP) 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.
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump. The news, and expectations for more hikes in the future,
The Bank of Japan raised interest rates to the highest level since October 2008 as the economy makes steady progress toward the bank’s goal of stable 2% inflation and wage-backed growth.
The move comes hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.