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Gold/Mining/Energy : Gold Price Monitor

GDXJ 147.31

+2.1%

Jan 27 4:00 PM EST

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To: Daytek77 who wrote (14981)	8/11/2000 6:52:21 AM
From: long-gone	of 116927

Friday August 11 6:12 AM ET Japan Raises Interest Rates By JOJI SAKURAI, Associated Press Writer TOKYO (AP) - Japan's central bank on Friday announced its first interest rate hike in a decade, defying pressure from government officials who insisted near-zero rates are still needed to nurture an economic rebound. At the end of a marathon meeting that began early in the morning, the Bank of Japan's nine board members voted to guide the interest rate that private banks charge each other from virtually nothing to 0.25 percent, the bank said in a statement. Led by Gov. Masaru Hayami, who had vocally supported a rate hike, the board voted down a request by government representatives to delay the vote for a month. (cont) dailynews.yahoo.com

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