Bank of Japan expected to raise short-term interest rate from -0.1%, first hike since 2007, ending era of negative rates.
The Bank of Japan is expected to raise the short-term interest rate from -0.1% in the coming weeks, marking the end of global central banks' experiment with unconventional policies such as negative interest rates. Governor Kazuo Ueda's move would be the first rate hike in Japan since 2007. The change follows an era of negative rates, adopted by the European Central Bank and other central banks in the 2010s to combat falling prices, but the effectiveness of negative rates is debated.
March 10, 2024
7 Articles