Bank of Japan abandons negative interest rate policy after 17-year run

Posted on March 22, 2024   |  

The Bank of Japan Governor suggests discontinuing negative interest rates.

This proposed change signifies a significant departure from the long-standing policy of monetary stimulus.

Japan expects its first interest rate hike in 17 years.

Despite this move, interest rates are expected to remain close to zero due to cautious economic recovery.

Japan becomes the last central bank to withdraw from negative interest rates, signaling the end of an era.

The era of using cheap money and unconventional measures to spur growth is drawing to a close.

With inflation consistently exceeding the 2% target, market forecasts indicate an imminent end to negative interest rates