Japan raises Interest rates

 Japan today raised the interest rates to 0.25 bps from the previous rate of 0.1 bps.

It was necessary looking at weakness Yen has shown since U.S. Federal Reserve began Quantitative tightening.

Over three quarters economists from Reuters Poll predicted that Bank Of Japan won't raise interest rates, but they did it anyways 

This raise in interest rates came after the biggest minimum wage hike. This salary raise will cushion the pressure that might come from inflation rise.