Banking
Bank of Japan raises interest rates for first time since 2007
Central bank set a new policy rate range of between 0 per cent and 0.1 per cent, shifting from a -0.1 per cent short-term interest rate
The Bank of Japan pulled the curtain on the most aggressive monetary easing programme in modern history by ending the world’s last negative interest rate along with its yield curve control mechanism.
The central bank set a new policy rate range of between 0 per cent and 0.1 per cent, shifting from a -0.1 per cent short-term interest rate, according to a statement after a two-day board gathering that concluded Tuesday. The bank said financial ...