US EditionBank of Japan ends negative interest rates, opting for first hike in 17 years
- Japan's central bank raised its benchmark interest rate for the first time in 17 years, moving away from negative rates to boost the economy.
- The lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus 0.1%, fulfilling its role in Japan's monetary policy.
- Bank of Japan Governor Kazuo Ueda stated that the negative interest rate policy, combined with other measures, have fulfilled their roles.
145 Articles
145 Articles
Monetary policy: End of an era: Inflation is causing the Japanese central bank to say goodbye to negative interest rates for the first time since 2016. It was a...
After a long time, Japan's central bank is again raising interest rates. However, they remain relatively low because nobody likes high interest rates. more...
The Japanese Central Bank raised rates for the first time since 2007 and is coming out of the negative rates that it had maintained since 2016. A desire to build a narrative for exiting deflation that is still uncertain.
The Bank of Japan (BOJ) has raised the cost of borrowing for the first time in 17 years. The key interest rate increased from -0.1% to a range between 0% and 0.1%. Change comes after a rise in wages in the Asian country as a result of rising consumer prices.
Japan ends 17-year stint of negative interest rates as BOJ initiates historic rate hike
The Bank of Japan (BOJ) has terminated its 17-year-long policy of negative interest rates, marking a significant shift in the country's monetary strategy. This decision, unveiled after a two-day policy meeting, reflects the BOJ's confidence in Japan's evolving wage-price dynamics and its pursuit of sustainable economic growth.
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