YEN DOWN WITH JGB YIELDS, STOCKS RALLY AFTER LANDMARK BOJ POLICY PIVOT
- NEWS Desk Global
- Mar 20, 2024
- 1 min read
The yen weakened and Japanese government bond yields fell after the Bank of Japan on Tuesday announced an exit from years of ultra-easy monetary policies, marking a historic shift from a decades-long fight against deflation.
The Nikkei share average rose, reversing morning losses, following volatile trading immediately after the central bank said it was ending its negative interest rates policy and yield curve control (YCC), as well as dropping purchases of risky assets, including exchange-traded funds (ETFs).
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