Bank of Japan raises interest rate, citing higher wages and inflation

By Yuri Kageyama, The Associated Press

Posted Jan 23, 2025 11:51:10 PM.

Last Updated Jan 24, 2025 12:01:17 AM.

TOKYO (AP) — The Bank of Japan has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.

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

Yuri Kageyama, The Associated Press

Submit a Correction
Accessibility Feedback

Top Stories

Who's in and who's out of the Liberal leadership race

OTTAWA — The federal Liberals are running their first leadership race in more than a decade to replace the departing Justin Trudeau. Candidates must declare by 5 p.m. ET on Jan. 23 with a $50,000 deposit...

12h ago

Unionized cleaners reach tentative agreement with GDI

HRM may have dodged a first-ever large-scale private sector janitorial strike. The union representing 300 integrated facility services workers working for GDI in HRM has reached a tentative agreement...

51m ago

Gasoline prices fall across Nova Scotia

There was a slight drop in gasoline and diesel prices across Nova Scotia Friday morning. The Nova Scotia Utilities and Review Board (NSUARB) used its weekly adjustment to lower the price for self-serve...

2h ago

HRP investigates shooting after unconscious man dropped off at hospital

Halifax Regional Police is investigating a shooting that took place on Wednesday. At roughly 9:30 p.m., officers were called to Dartmouth General Hospital after an unconscious man with a gunshot wound...

17h ago

Top Stories

Who's in and who's out of the Liberal leadership race

OTTAWA — The federal Liberals are running their first leadership race in more than a decade to replace the departing Justin Trudeau. Candidates must declare by 5 p.m. ET on Jan. 23 with a $50,000 deposit...

12h ago

Unionized cleaners reach tentative agreement with GDI

HRM may have dodged a first-ever large-scale private sector janitorial strike. The union representing 300 integrated facility services workers working for GDI in HRM has reached a tentative agreement...

51m ago

Gasoline prices fall across Nova Scotia

There was a slight drop in gasoline and diesel prices across Nova Scotia Friday morning. The Nova Scotia Utilities and Review Board (NSUARB) used its weekly adjustment to lower the price for self-serve...

2h ago

HRP investigates shooting after unconscious man dropped off at hospital

Halifax Regional Police is investigating a shooting that took place on Wednesday. At roughly 9:30 p.m., officers were called to Dartmouth General Hospital after an unconscious man with a gunshot wound...

17h ago

Most Watched Today

2:04
What does US want out of Canada?

What's America hoping to get amid threats of tariffs on Canada, and demands over the new NAFTA deal? One business professor says America's Trade Rep has been making the same demands for years - opening up Canada to American businesses.
2:39
'I would not feel safe': 2SLGBTQ+ advocates react to Trump's 'two gender' policy

Donald Trump's declaration that there are 'only two genders' is drawing criticism from 2SLGBTQ+ advocates, who say the policy changes will put Americans in danger. Brandon Choghri details the response, and Trump's new beef with a Washington bishop.
0:33
Netflix hiking subscription prices

Netflix is raising subscription prices for Canadian customers.
2:07
Is another interest rate cut coming as inflation falls?

Inflation fell below the target level of two per cent in December, but it comes with a big asterisk. Business Analyst Kris McCusker discusses whether another interest rate could be coming next week.
1:27
Rare winter storm slams millions in U.S. south

A once-in-a-generation winter storm is sweeping across the southeastern United States. Leigh Waldman looks at the system that has 40 million people from Texas to the Carolinas under winter weather alerts and could bring record amounts of snow.
More Videos