Bank of Japan Hikes Rates in 7-2 Vote, But Yen Still Falls
TOKYO – The Bank of Japan raised its benchmark interest rate to a 31-year high on Friday. Policymakers pushed the key rate up to 1.25 percent in a divided seven-to-two vote. Despite this move meant to fight inflation, the Japanese yen actually tumbled against the US dollar. Financial markets are now closely watching Governor Kazuo […] The post Bank of Japan Hikes Rates in 7-2 Vote, But Yen Still…
We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.
