TOKYO: Bank of Japan (BoJ) governor Kazuo Ueda has raised interest rates to the highest level since 2008, avoiding market turmoil by carefully signalling his plans to investors.
Japan's central bank raised interest rates to "around 0.5%" as December's inflation soared to a 16-month high. Core consumer prices rose 3% year-on-year in December, prompting the BOJ to tighten ...