Japan finally raises interest rates as inflation wish comes true

Japan finally raises interest rates as inflation wish comes true

Getty ImagesBy Peter HoskinsBusiness reporterJapan's central bank has raised the cost of borrowing for the first time in 17 years. The Bank of the Japan (BOJ) increased its key interest rate from -0.1% to a range of 0%-0.1%. It comes as wages have jumped after consumer prices rose.In 2016, the bank ...

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Japan finally raises interest rates as inflation wish comes true

Japan finally raises interest rates as inflation wish comes true

Getty ImagesBy Peter HoskinsBusiness reporterJapan's central bank has raised the cost of borrowing for the first time in 17 years. The Bank of the Japan (BOJ) increased its key interest rate from -0.1% to a range of 0%-0.1%. It comes as wages have ju...