BOJ to raise policy rate; Exit from negative Interest rates
BOJ to raise policy rate; Exit from negative Interest rates Japan's central bank to hike rates for first time in 17 years... -0.1% → 0-0.1% expected The BoJ is raising its benchmark interest rate for the first time in 17 years, Japan's Kyodo news agency reported. The central bank had been holding the benchmark rate at a negative rate (-0.10%), but with Japan also seeing inflation, it's likely to keep the benchmark rate at a positive rate. BOJ to raise policy rate; Exit from negative Interest rates USD/JPY; stockcharts.com Day 18, BOJ; rate hike expected 19-20, U.S. Fed; FOMC meeting ... expected to keep rates unchanged, watch for comments on when to cut rates While the Japanese central bank's rate hike is expected to strengthen the Japanese yen, the U.S. Federal Reserve's delayed rate cut is expected to have less of an impact on the Japanese yen, as the U.S. dollar strengthens. In the meantime, Japan has controlled interest rates below 1% for 10-year government bond