The Bank of Japan (BOJ) hiked interest rates on Friday to their highest level in 17 years despite fears of economic turmoil under US President Donald Trump.

Bank of Japan Gov. Kazuo Ueda echoed recent comments that have revived market expectations for imminent policy action.

Executives at a leading Japanese bank have apologized and taken pay cuts after police arrested an employee who allegedly stole about $9 million worth of valuables from customers’ safe deposit boxes.

Tokyo stocks rose Friday morning, supported by advances on Wall Street overnight, while a cautious mood prevailed ahead of a policy d

If its outlook is met, "the bank will accordingly continue to raise the policy interest rate and adjust the degree of monetary accommodation", it added.

Japan's core consumer prices in December rose 3.0 percent from a year earlier, the fastest pace in more than a year, as government su

The Bank of Japan has raised short-term interest rates by a quarter point, the highest in 17 years, signalling efforts to normalise monetary policy in response to persistent inflation and increasing wages.

The Bank of Japan has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.

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Bank of Japan goes through with planned rate increase, saying president is acting within expectations.

U.S. stocks are pulling back from their all-time high, but are still on track to close out a second straight winning week. The S&P 500 fell 0.4% on Friday, a