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  • Writer's pictureBy The Financial District
    • Mar 20
    • 1 min read

Japan Ends Negative Interest Rate Policy

Japan has put an end to its negative interest rate policy, marking a historic departure from an aggressive monetary easing program aimed at combatting chronic deflation, Laura He reported for CNN.


The Bank of Japan (BOJ) has raised its short-term interest rates to around 0 to 0.1% from the previous negative 0.1%.



As part of this decision, the Bank of Japan (BOJ) has raised its short-term interest rates to around 0 to 0.1% from the previous negative 0.1%, according to a statement posted on its website.


The bank had implemented negative interest rates in 2016 to intensify monetary easing efforts in the fight against deflation.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Additionally, the BOJ announced its abandonment of the yield curve control policy, which had been designed to maintain the yield on 10-year Japanese government bonds at around 0% to sustain accommodative financial conditions.




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