Tokyo, June 17 (Jiji Press)--Japan's three megabanks have said they will raise their annual interest rates on ordinary deposits to 0.4 pct from the current 0.3 pct, effective Aug. 3, following the Bank of Japan's recent decision to raise interest rates. MUFG Bank,

The Bank of Japan is expected to raise rates to 1% at its June meeting, the highest since 1995. Here's what it means for crypto and global markets.

The Bank of Japan has raised its benchmark interest rate to 1%, citing challenges stemming from a weak Japanese yen and higher prices.