Japan raises rates first time in 6 years

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TOKYO (Reuters) - Japan's central bank raised interest rates for the first time in six years on Friday, lifting its key rate to 0.25 percent from zero and affirming the end of a long era of deflation and economic stagnation.
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The Bank of Japan joined central banks in the United States and Europe that have already embarked on a credit-tightening cycle, although Japanese interest rates remain minuscule and are likely to stay low for a long time yet.

"We will adjust interest rates gradually while carefully checking the economy and prices," BOJ Governor Toshihiko Fukui told a news conference.

Japan raises rates first time in 6 years
Ever wonder japan does so well under economics.Because they dont have stupid morons like Alan Greenspan and Ben Bernanke.If your gonna raise intrest rates do it every 2 to 4 years. NOT EVERY 6 WEEKS!!
 
yeah It was Japan's first time raise 25 bps rate hike. Last night I was trade stock USD/JPY got good profit. Big happy profit trigger. hehe

PS Right now Japanese want Finance chief resign job but he refused it. it was being sight weak Yen dollars.
 
I wish Bush would hire that Japanese Finance chief.He would make our stock market grow and give people the ability to buy.
 
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