International Economic
Japan lifts rates to highest level in 17 years after inflation rises
By Frank Prenesti
Date: Friday 24 Jan 2025
(Sharecast News) - Japan's central bank on Friday lifted interest rates to their highest level in 17 years following a rise in inflation, and indicated more moves could be on the way.
In a widely flagged move, the Bank of Japan (BoJ) increased its short-term policy rate to "around 0.5%".
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