The Bank of Japan has raised interest rates to their highest level since the 2008 global financial crisis. Japan’s central bank has hiked interest rates as expected to a 17-year high as it continues on a path to normalise its monetary policy. On Friday (Jan 24), the Bank of Japan (BOJ) raised short-term rates by 25 basis points to 0.5 per cent, its highest level since the 2008 global financial crisis. This marks its third increase since it ended its negative interest rate policy in March last