BOJ ends world’s only negative rate regime in historic move

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By journalsofus.com


An editorial montage of the flag of Japan and Japanese yen cash banknotes

Xavier Ghersi | moment | getty images

Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s only negative rate regime on early signs of strong wage growth this year.

However, the Bank of Japan cautioned it was not going to raise rates aggressively and said it “expects that accommodative financial conditions will remain intact for the time being” given fragile growth in the world’s fourth-largest economy.

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