The Bank of Japan ended negative interest rates and shifted away from ultra-loose monetary policy, causing the Japanese yen to weaken and Tokyo stocks to rise.

The Japanese yen weakened against major currencies, and Tokyo stocks rose, following the Bank of Japan's decision to end negative interest rates and shift away from its ultra-loose monetary policy. This change comes as inflation remains above the 2% target and recent wage talks resulted in substantial wage increases. The BoJ's policy move marks a departure from the global trend of increasing borrowing costs.

March 19, 2024
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