Bank of Japan hikes interest rates to 30-year-high

TOKYO, Japan — The Bank of Japan hiked interest rates to a 30-year high on Friday and indicated more were in the pipeline as it said the economy had shown signs of improvement. The unanimous vote to lift the main borrowing rate to 0.75 percent from 0.5 percent came hours after official data showed the country’s core inflation rate held steady in November but was still well above policymakers’ 2 percent target. The bank began hiking rates from below zero in March last year as figures signaled an end to the country’s “lost decades” of stagnation, with inflation surging. However, with […]... Keep on reading: Bank of Japan hikes interest rates to 30-year-high