Bank of Japan ditches negative interest rates

By Agence France-Presse

Mar 20, 2024 12:37 am

TOKYO: Japan's central bank pulled the plug Tuesday on its ultra-aggressive monetary stimulus program, hiking rates for the first time since the global financial crisis.

The Bank of Japan's (BoJ) outlier policy of negative rates and massive asset purchases was aimed at jump-starting economic growth and price rises after the 'lost decades' of stagnation and deflation.

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