This is a Japan news story, published by MSN, that relates primarily to The Bank of Japan news.
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inflation target
Amazon Web Services, Inc.
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79% Informative
Japan has raised its interest rates to their highest level since 2008 . The Bank of Japan raised rates to 0.5% following two hikes in March and July of last year . The move comes as Japan has exceeded its inflation target for over 2 years now, with prices and wages steadily rising. It also comes after decades of effort from the central bank to pull the economy out of deflation. But still, Japan 's economy has struggled to grow, and economists say raising interest rates is a good move to spur growth..
VR Score
91
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80
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English
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41
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