Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
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 economy is gradually recovering,” BOJ Gov. Kazuo Ueda told reporters after a two-day policy board meeting in Tokyo.
Bank of Japan raises interest rates to highest in 17 years
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.
Bank of Japan raises interest rates to highest in 17 years, yen jumps
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.
Bank of Japan Resumes Hiking Rates as Economy Strengthens
It is 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.
Japan Central Bank interest rate hiked; HIGHEST since 2008
The decision marks BOJ's first-rate hike since July last year. Interestingly, the rate hike came days after the inauguration of U.S. President Donald Trump. Ahead of potential repercussions from threatened higher tariffs,
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 raises interest rates to highest level in 17 years
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 ...
Japan Inflation Jumps To 3.0% In December
Japan's annual rate of consumer price inflation accelerated to 3.0 percent in December from 2.7 percent the month before, government data showed Friday.
The Economist23h
Has Japan truly escaped low inflation?
Editor’s note: This story was updated on January 24th.
Japan Now Expects to Miss Its 2025 Primary Balance Goal
Japan’s primary balance is once again set to miss its long-standing target of achieving a balanced budget by the year ending ...
Channel NewsAsia Singapore2h
Japan's core inflation hits 16-month high, markets brace for BOJ hike
TOKYO: Japan's core consumer prices rose 3.0 per cent in December year-on-year to mark the fastest annual pace in 16 months, ...
The Edge Singapore2h
BOJ raises interest rate to highest level since 2008
Governor Kazuo Ueda and his fellow board members lifted the overnight call rate by a quarter-percentage point to 0.5% at the ...
BOJ raises short-term interest rates to 0.5% in widely expected move
The Bank of Japan raised interest rates on Friday in a widely expected move, reflecting its growing optimism that wages will continue rising and keep inflation sustainably around its 2% target.