Stocks are opening higher on Wall Street as AI stocks like Nvidia turn higher again. The S&P 500 was up 0.5% in the first few minutes of trading Friday. The

Shares are moderately higher in Asia and U.S. futures are mixed after the Bank of Japan raised its key policy rate to the highest level in 30 years

The Bank of Japan raised its key policy rate to a 30-year high on Friday to help curb inflation, as widely expected, and financial markets took the move in stride. The 0.25 percentage point hike took the BOJ's benchmark short-term rate to 0.

One is that ultralow interest rates in Japan have long made the yen an attractive currency for hedge funds and other sophisticated investors to borrow to finance purchases of higher-yielding assets, including Treasurys or U.

The Bank of Japan raised interest rates on Friday to levels unseen in 30 years, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs. Francis Maguire reports.

The Bank of Japan moved to slow inflation as the prime minister is borrowing more to fund an ambitious effort to build up industry and support households.

Rate rises in Japan ripple through global markets and might even push up the cost of borrowing in the U.S.

The Bank of Japan raised interest rates on Friday to levels unseen in three decades, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.