Bank of Japan ends negative interest rate policy-Xinhua

Bank of Japan ends negative interest rate policy

Source: Xinhua

Editor: huaxia

2024-03-19 11:58:30

TOKYO, March 19 (Xinhua) -- The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation.

After a two-day policy meeting, the central bank's policy board also decided to scrap its yield curve control policy aimed at keeping long-term rates low.