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

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Japan's central bank raised interest rates to their highest since the 2008 global financial crisis and revised up its inflation forecasts.

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Despite limited developments that would justify a policy shift since December, Japan's central bank nevertheless went ahead to raise interest rates.

Japan’s stance is at odds with the loosening trends adopted by the U.S. Federal Reserve and the European Central Bank, which have been cutting rates after raising them to clamp down on inflation.

In Japan, the yen was last a touch stronger at 154.19 per dollar, having already climbed more than 1% for the week thus far.