Posted 3/19/2024, 4:08:00 AM
Bank of Japan Raises Rates, Ending Negative Interest Era While Maintaining Easy Money Policy
- The Bank of Japan raised its policy rate range to 0-0.1%, ending negative rates in place since 2016
- The BOJ kept easy financial conditions while scrapping its yield curve control program
- The yen weakened while Japan's bonds and stocks gained on the expected policy changes
- Asia stocks were mixed as markets await the Fed's policy decision later this week
- The week features central bank decisions for nearly half the global economy, including the Fed, BOE, and ECB