Asia Stocks Look Mixed Ahead of BOJ Rate Decision: Markets Wrap
The yen weakened after the Bank of Japan brought an end to the world’s last negative interest rate policy but in a way that kept financial conditions easy and data dependent.
The yen weakened after the Bank of Japan brought an end to the world’s last negative interest rate policy but in a way that kept financial conditions easy and data dependent.
The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world’s last negative interest rate and a raft of unconventional tools, while leaving the course of additional hikes unclear.
The yen weakened past 150 per dollar after the Bank of Japan ended the world’s last negative policy rate while keeping financial conditions easy for now. Bonds and shares both gained.
The Bank of Japan’s decision to end its negative-interest-rate policy has left markets largely unruffled because it was flagged well in advance, and the nation’s stocks should be able to extend their recent rally, analysts say.
Bitcoin extended a retreat as investors digested a record daily outflow from the world’s biggest exchange-traded fund for the token as well as scaled-back expectations for Federal Reserve interest-rate cuts.
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