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

The Bank of Japan is set to raise rates to 1%, the highest since 1995, with yen carry trade unwinds posing risks for Bitcoin and crypto markets.

Bank of Japan raises interest rate to 1%, reaching a 31-year high amid inflation and yen challenges while Nikkei 225 tops 70,000.

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

The quarter-point increase, which was widely expected, takes Japan to a critical milestone in the central bank’s effort of normalising monetary policy.

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.…