ConnexionBank of Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
A shopping street in Osaka last week. Breaking away from a deflationary mind-set could help bolster spending by consumers in Japan.
© Richard A. Brooks/Agence France-Presse — Getty Images
