Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.

Good morning. The Bank of Japan raises its interest rate to the highest level in 17 years. Inflation concerns may be making a comeback in the euro area. And the rise of women’s soccer in England is hiding a financial struggle.

TOKYO -- The Bank of Japan (BOJ) on Friday raised its policy interest rate to the highest level in 17 years, marking another step to unwind its long-standing ultra-loose monetary stimulus.