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Japan ends negative interest rate policy in historic pivot

·1 min

Japan has made a significant change in its monetary policy by ending its negative interest rate program. This move is aimed at addressing chronic deflation in the country. As part of the decision, the Bank of Japan (BOJ) increased short-term interest rates to around 0 to 0.1% from minus 0.1%. Additionally, the BOJ has decided to abandon its yield curve control policy, which was implemented to maintain accommodative financial conditions. This is an ongoing story and will be updated as more information becomes available.