TOKYO: 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.
The board decided to raise the BOJ’s short-term policy rate to 0.5% from 0.25% by an 8-1 vote.
Board member Toyoaki Nakamura dissented to the decision.
Japan’s core inflation hits 16-month…
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News Source: www.brecorder.com
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