Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
NEW YORK — U.S. stocks pulled back from their all-time high on Friday as they closed out a second straight winning week . The ...
Bank of Japan goes through with planned rate increase, saying president is acting within expectations.
U.S. stock futures fell on Friday following a 25 basis point rate hike by the Bank of Japan. Futures of all four indices declined.
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Setting rates in Japan will become a delicate balancing act if tariffs materialize.
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