Cool response to quarter-point interest rate rise in Japan

The Bank of Japan (BOJ) today raised interest rates to 0.25% from 0% in a move that the Japanese central bank hopes will signal the end of a lengthy period of deflation and a decade-long economic slump.

Japanese interest rates, which have remained frozen at zero for almost six years, are now following a tightening cycle already embarked upon by central banks in Europe and the US.

“Today's decision will contribute to ensuring price stability and achieving sustainable growth in the medium and

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