The move comes in line with expectations from CNBC's survey from Jan 15-20, which saw an overwhelming majority of economists predict a hike.
The Bank of Japan said Friday it was hiking interest rates to their highest level in 17 years despite fears of economic turmoil under US President Donald Trump.
The Bank of Japan raised its key policy rate Friday to the highest level in 17 years, as Governor Kazuo Ueda continues his mission to return to central bank orthodoxy.
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump’s tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan ...