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Japan's central bank raises interest rate to 1.25%, highest in 31 years
Japan's central bank on Friday raised the benchmark interest rate to 1.25 per cent from 1.0 per cent, a 31-year-high. The move Friday, coming at the end of the two-day monetary policy board meeting, was expected, widely figured into recent global markets. The raise by 0.25 percentage points to the policy rate comes after the Federal Reserve also raised its key rate this week. Pressures have been coming from the US for Japan to raise rates because of concerns about the weakening yen. The nations…
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