Bank of Japan ends negative rates in historic shift

[Pelican Press 0]

Bank of Japan ends negative rates in historic shift

The Bank of Japan has ended eight years of negative interest rates and other remnants of its unorthodox policy, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.

While the move was Japan’s first interest rate hike in 17 years, it still keeps rates stuck about zero as a fragile economic recovery forces the central bank to go slow in any further rise in borrowing costs, analysts say.

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