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TOKYO (AP) — The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation.

The BOJ could hike rates this month if the board is convinced that sustained, broad-based wage hikes will take hold, and keep inflation durably at its 2 per cent target, they said. "Risks to ...

Bank of Japan Governor Kazuo Ueda sent a fresh reminder to bankers that he’s going to raise the benchmark rate if the economy continues to improve this year. “Our stance is that we will raise ...

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However, the BoJ and December’s Summary of Opinions failed to provide clear signals. While some board members supported a December hike, Governor Ueda emphasized the need for more wage growth ...

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“There seems to be a widespread view that the BOJ raising rates two more times this year wouldn’t be considered monetary-policy tightening given the current level of interest rates,” said ...