Bank of Japan raises interest rates to highest in 17 years, yen jumps

Q: How long will it take to read this news story?

The story "Bank of Japan raises interest rates to highest in 17 years, yen jumps" has 955 words across 37 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bank of Japan raises interest rates to highest in 17 years, yen jumps" was covered 6 hours ago by The Star, a news publisher based in Malaysia.

Q: How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news. The outlet is headquartered in Malaysia and publishes an average of 47 news stories per day. It's most recent story was published 39 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25394042</li><li>URL: https://beamstart.com/news/bank-of-japan-raises-interest-17377022159413</li></ul>

The Star 6h ago

Bank of Japan raises interest rates to highest in 17 years, yen jumps - The Star

Quick Summary:

TOKYO: The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.

Federal Reserve and similar action from central banks around the world.The yen rose around 0.5% to 155.32 per dollar after the BOJ's decision and inflation upgrades, while the two-year Japanese government bond (JGB) yield rose to 0.705%, the highest since October 2008.

In its quarterly outlook report, the board raised its price forecasts to project core inflation moving at or above its 2% target for three straight years.