The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis.

The Bank of Japan kicked off a global market selloff last time it raised interest rates. The likely rate increase this week will be less dramatic, but the real suspense lies in what comes next for the yen.

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.

The average price of a new apartment for sale in the Japanese capital and surrounding areas slipped 3.5% to JPY78 million ($675,500), the first decrease in six years.

Tokyo stocks ended higher Thursday as technology issues rose on hopes for robust investment and a weaker yen lifted exporters, but a

Japan's government is likely to submit a nominee on Jan. 28 to fill a seat on the central bank's board that opens up in March, three government and ruling party sources told Reuters.

Tokyo stocks ended sharply higher Wednesday, driven by gains in semiconductor-related shares following news that SoftBank Group will

Japan's core machinery orders rose 3.4% in November from the previous month to beat analysts' forecast, government data showed on Monday, signalling a recovery in capital expenditure ahead of a central bank interest rate review later this week.

The decrease — the first in six years — came after prices rose nearly 30% to a record high in 2023 when several luxury condos went up for sale.

TOKYO—Bank of Japan Gov. Kazuo Ueda repeated his pledge to discuss an interest-rate increase next week, echoing recent comments that have revived market expectations for imminent policy action.

The Bank of Japan is expected to raise its policy rate to 0.5 percent from the current 0.25 percent in a two-day meeting which starte