TOKYO — The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices ... dollar.Sign up for the DailyBusiness newsletter ... Sign up ... AP/Uncredited. BOJ Gov ... Deputy Gov ... Newsday ... .
Global shares are mostly higher and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time before trimming early gains after the Bank of Japan raised its key interest rate to 1%. It's the first time the rate has ... .