Japan's real estate shares surged 4.5% after the Bank of Japan (BOJ) ended its negative rates policy.
Japan's real estate shares climbed 4.5% - their biggest gain since March 2022 - after the Bank of Japan (BOJ) ended its negative rates policy. BOJ announced a new policy rate, stating financial conditions will remain accommodative, and that its 2% inflation target is within sight as wage-driven demand inflation strengthens. In contrast, Japanese banks fell after the announcement, as investors shift capital from bank stocks to real estate.
March 19, 2024
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