Japan experiences first interest rate hike in 17 years

Interest rates in Japan have increased for the first time in 17 years. The central bank lifted the rate from below zero per cent to 0.1 per cent. The rate hike comes after an increase in wages and consumer prices. Negative interest rates were implemented in 2016 in a bid to stimulate the country’s stagnating economy. The hike means there are no longer any countries left with negative interest rates.