Bank of Japan signals progress in boosting economy by ending stimulus programme

Published: 19 March 2024 at 11:09

Japan\'s central bank has made progress in boosting the country\'s economy by ending a massive stimulus programme that included a negative interest rate policy and other extraordinary measures. The decision to impose a new target rate around zero marked the first interest rate increase in 17 years. While the economy remains fragile, inflation is above the 2% target aided by healthier wage increases. The market reacted mutedly to the bank\'s decisions as they were expected due to prior signals from Bank of Japan\'s governor Kazuo Ueda.

SOURCES

Bank of Japan ends negative interest rate policy

代艳

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

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