TOKYO (Reuters) - The Japanese government will look closely at the effects of the U.S. Federal Reserve's decision to raise interest rates, a top government spokesman said on Thursday.
Chief Cabinet Secretary Yoshihide Suga, speaking to reporters in a regular news briefing, added that the Fed's decision to raise rates was based on the improving U.S. economy and is not a bad thing for the global economy.
The Fed raised rates to a range of 0.50 percent to 0.75 percent on Wednesday and signaled a faster pace of increases in 2017.
- Labrador retriever fetches top U.S. dog breed honor for record 28th year7 Pictures
- Oscars 2019: Red carpet looks and full list of winners36 Pictures
Asked about reports by a U.S. think tank that China appears to have installed weapons, including anti-aircraft and anti-missile systems, on all seven of the artificial islands it has built in the South China Sea, Suga said Japan was closely monitoring the situation.
(Reporting by Minami Funakoshi; Editing by Jacqueline Wong)