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The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.
The Bank of Japan holds its first policy meeting of the year next week and the outcome will be announced days after the inauguration of U.S. President-elect Donald Trump.
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.
Japan’s 40-year government bond yield reached an all-time high, amid a global debt selloff and speculation that the Bank of Japan may hike interest rates in the future.Most Read from BloombergThese Homes Withstood the LA Fires.
SINGORE, - Global shares rose on Friday buoyed by the prospect of a softer stance on tariffs on China and lower U.S. rates following comments from President Donald Trump, while the yen firmed after the Bank of Japan delivered a widely expected rate hike.
The tariff-threat inspired gains stalled, and the BOJ rate hike and stronger PMI in Europe have dragged the greenback lower against all the G10 currencies. Click to read.
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The BOJ raised interest rates to their highest since the 2008 global financial crisis, with attention now shifting to any clues from BOJ Governor Kazuo Ueda in his briefing on the pace and timing of f
The Bank of Japan is expected to raise interest rates on Friday to their highest levels since the 2008 global financial crisis, as a broad stocks rally worldwide calms policymakers' fears U.S. President Donald Trump's tariff threats could upend markets.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% Thursday amid