BANK of Jamaica (BOJ) Governor Richard Byles has hinted that the central bank is contemplating legal recourse to get commercial banks to move interest rates in line with similar movements by BOJ.

The Bank of Japan is expected to raise its benchmark interest rate this week by 25 basis points. A hike will put the BOJ's key rate at 0.5%, its highest level since 2008. Public comments by Governor ...

The BOJ fumbled its communication in December, surprising investors when it left rates steady, but then telegraphed Friday's increase so unambiguously that markets had 90% priced it in and took ...