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The Independent UK
The Independent UK
National
Yuri Kageyama

Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation

Bank of Japan Inflation Japan
Japan Bank of Japan - (Japan Pool via Kyodo News)

The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level.

The decision by the central bank came at the end of a two-day policy board meeting in Tokyo.

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