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International Business Times
International Business Times
Business

Bank Of Japan Hikes Interest Rate To 17-year High, Signals More

The Bank of Japan has hiked interest rates to their highest level since 2008 (Credit: AFP)

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 well-flagged 25-basis-point increase to 0.5 percent comes as economic data indicates the world's fourth-biggest economy was developing in line with the policymakers' expectations and follows another bumper reading on inflation.

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