Japan: BOJ raises interest rates for first time in 17 years

Japan: BOJ raises interest rates for first time in 17 years

TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a long-standing policy of negative interest rates designed to stimulate the economy. The Bank of Japan’s overnight lending rate from banks was raised to a range of 0 to 0.1 percent from minus 0.1 percent …

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