Bank of Japan raises interest rates to 31-year high
Digest more
The Bank of Japan is widely expected to raise interest rates this week, taking its policy rate from 0.75% to 1.00%, the highest level since 1995.
Nikkei 225 remains under pressure as stronger Japan inflation fuels BoJ rate hike bets, while the 60,000 support zone may decide the next bullish move in Japanese stocks.
By Leika Kihara TOKYO, June 10 (Reuters) - Japan's wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the Middle East war broadened, data showed on Wednesday,
The growth was sharply higher compared with Reuters-polled analysts' average estimate of 1.7%, and against the 1.3% in the previous quarter.
Fed and BOJ decisions could reshape the USDJPY outlook as sticky U.S. inflation supports the dollar while Japan’s rising price pressure keeps BOJ rate hike bets alive near the key 160 level.
TOKYO, June 12 (Reuters) - Japan's core consumer inflation likely held steady in May at roughly the previous month's pace due to end of government fuel subsidies, leaving inflation below the Bank of Japan's 2% target for a fourth month,
