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Chart of the Day: Why Japanese rate increase matters

Concerns arise that rising Japanese rates might prompt investors to seek higher yields in domestic markets

March 20, 2024 / 10:57 AM IST
Chart of the Day: Why Japanese rate increase matters

Japan

(image) Japan's policy rate

The latest development in global finance marks a significant shift: Japan, the last country offering negative interest rates, has ceased this practice. The Bank of Japan (BOJ) has opted to raise its key interest rate from -0.1 percent to a range of zero to 0.1 percent. This marks the first increase by the Japanese central bank since 2016 when rates were slashed below zero. Although modest, this landmark interest

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