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.

TOKYO -- Japan's SBI Shinsei Bank will pay back 100 billion yen ($646 million) in government bailout funds by the end of March, Nikkei has learned, taking a key step toward its goal of relisting on the Tokyo Stock Exchange.

Tokyo stocks ended mixed Monday as banks lifted on hopes for improved profits, while technology issues dropped on fears that U.S. dom

TOKYO -- Japan's SBI Shinsei Bank will pay back 100 billion yen ($646 million) in government bailout funds by the end of March, taking a key step toward its goal of relisting on the Tokyo Stock Exchange.

The Bank of Japan has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level. The decision by the central bank came Friday at the end of a two-day policy board meeting in Tokyo.

Stronger wages have contributed to the decision by Japan's central bank to raise rates to about 0.5%. The BOJ reiterated that it may in the future raise interest rates again, if required. View on euro

The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.

After a two-day monetary policy meeting, the Bank of Japan (BOJ) decided on Friday to raise its policy interest rate to 0.5 percent from 0.25 percent, marking the highest level in nearly 17 years. Camera: FRANCK ROBICHON.

TOKYO (AP) — The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation.

Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the top versions from OpenAI and Google for a fraction of the cost.

A Chinese company called DeepSeek said it had developed a large language model that can compete with U.S. giants at a fraction of the cost.