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The Bank of Japan just made a historic rate pivot. Here's what could happen next - TL;DR CNBC

The Bank of Japan just made a historic rate pivot. Here's what could happen next

Publishing timestamp: 2024-03-19 10:52:38


Summary

BOJ ends experiment with negative rates and unconventional easing tools, focuses on wage increases to fuel inflation. Decision sparks selloff in Japanese yen. BOJ will now use short-term interest rate as primary policy tool and make gradual changes to its policy framework. Market reactions and expectations for future moves discussed.


Sentiment: MIXED

Tickers: 8306.T-JP8411.T-JPJPY=8316.T-JP

Keywords: world marketsusd/jpyinflationmitsubishi ufj financial group incworld economybusiness newsasia economymizuho financial group inccentral bankingpricessumitomo mitsui financial group incjapan

Source: https://www.cnbc.com/2024/03/19/boj-bank-of-japan-historic-pivot-interest-rate-hike.html


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