BOJ Decides to Hike Interest Rates to 17-Year High
Tokyo, Jan. 24 (Jiji Press)--The Bank of Japan decided to raise its policy rate to the highest level in about 17 years at a two-day policy meeting that ended Friday, encouraged by anticipated wage increases. The central bank's Policy Board decided to increase its target for the unsecured overnight call rate, Japan's benchmark short-term interbank lending rate, to around 0.5 pct from around ...
Tomas Kauer - News Moderator 
Tokyo, Jan. 24 (Jiji Press)--The Bank of Japan decided to raise its policy rate to the highest level in about 17 years at a two-day policy meeting that ended Friday, encouraged by anticipated wage increases. The central bank's Policy Board decided to increase its target for the unsecured overnight call rate, Japan's benchmark short-term interbank lending rate, to around 0.5 pct from around ...
