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.

World shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. Oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude,

From Donald Trump's address at Davos 2025 to Maharashtra's potential 'No parking, no car' policy to tackle Mumbai’s congestion to Mr Beast throwing his hat into the ring to buy TikTok & more — Here are the top 11 news stories across business,

The Bank of Japan has raised short-term interest rates by a quarter point, the highest in 17 years, signalling efforts to normalise monetary policy in response to persistent inflation and increasing wages.

The possibility is 'quite high' if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.

The move would mark the central bank's first rate hike since July last year, when it increased rates to 0.25%.

The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.

Japan's government on Thursday maintained a cautious outlook for the economy in part as policymakers kept a wary eye on U.S. President Donald Trump's policies and their potential impact on global growth.

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

TOKYO: The Bank of Japan raised interest rates on Friday (Jan 24) to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stably around its 2 per cent target.

The Bank of Japan (BOJ) hiked interest rates on Friday to their highest level in 17 years despite fears of economic turmoil under US President Donald Trump. The BOJ said it was increasing its benchmark borrowing rate by 25 points to 0.