Today news
About the same in other media
Bank of Japan Lets a Benchmark Rate Rise, Causing Yen to Surge
Reading now: 639
TOKYO—The Bank of Japan made a surprise decision to let a benchmark interest rate rise to 0.5% from 0.25%, pushing the yen higher and ending a long period in which it was the only major developed-nation central bank not to increase rates.
The BOJ said the yield on the 10-year Japanese government bond could rise as high as 0.5% from a previous cap of 0.25%. The central bank has set a target range around zero for the benchmark government-bond yield since 2016 and used that as a tool to keep overall market interest rates low.
Read more on wsj.comAbout this in other media
Japan Inflation Hits Four-Decade High, Pressuring Central Bank in 2023 wsj.com /1 year ago
Japan Inflation Hits Four-Decade High, Pressuring Central Bank in 2023 wsj.com /1 year ago
Time Might Run Out on Japan’s Low-Rate Policy wsj.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
