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The Bank of Japan raised its key policy rate to the highest level since 2008 and took a more bullish view on the strength of inflation.
Good morning. The Bank of Japan raises its interest rate to the highest level in 17 years. Inflation concerns may be making a comeback in the euro area. And the rise of women’s soccer in England is hiding a financial struggle.
Setting rates in Japan will become a delicate balancing act if tariffs materialize.
World shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The Bank of Japan has raised short-term interest rates by a quarter point, the highest in 17 years, signalling efforts to normalise monetary policy in response to persistent inflation and increasing wages.
The move would mark the central bank's first rate hike since July last year, when it increased rates to 0.25%.
After blindsiding investors in July, the Bank of Japan governor needed Friday’s interest-rate hike to be boring. By that yardstick, he’s notched a win.
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