Japanese Central Bank Raises Interest Rates by 25 Basis Points

BlockBeats News, January 24th: As expected, the Bank of Japan raised interest rates by 25 basis points, increasing the target rate from 0.25% to 0.50%. This rate hike was the largest since 2007, pushing the rate to its highest level since October 2008. Since resuming rate hikes in March last year, the Bank of Japan has raised interest rates three times in less than 12 months. (Kintone)