The Bank of Japan (BoJ) has raised interest rates for the first time since 2007, marking a significant shift in monetary policy by ending the era of negative interest rates, moving from negative to 0-0.1%. This decision has led to a notable depreciation of the yen, which weakened 1% against the dollar, nearing its lowest level since 2008, with the dollar/yen exchange rate last up 1% at 150.630. The move has prompted speculation that the BoJ will maintain an accommodative monetary policy stance despite the end of negative interest rates. Analysts have highlighted the potential need for intervention as the yen's value drops. The policy change also impacts the global financial markets, with shares dipping and the dollar/yen exchange rate experiencing its biggest one-day gain since early February. The BoJ's decision is seen as a departure from the aggressive monetary easing program that aimed to combat deflation and stimulate economic growth. It also scrapped its Yield Curve Control (YCC) policy and ETF purchases, signaling a broader overhaul of its monetary policy framework. This policy pivot comes as other central banks have already moved away from negative rates, reflecting a global trend towards monetary policy normalization.
Japan's Nikkei share average hit a record high and the yen rebounded strongly from a four-month low, after the US Federal Reserve stuck to its easing path despite recent heated inflation readings https://t.co/ecgl8vC4pe https://t.co/CbleQAtZIq
WATCH: After Bank of Japan ended eight years of extraordinary stimulus measures with its first rate hike since 2007, Japan's Nikkei share average hit a record high and the yen rebounded strongly from a four-month low https://t.co/vtTRWLR7Ev https://t.co/qkPn2ZMG5h
⚠️ JAPAN SHARES SCALE RECORD HIGH, YEN REBOUNDS AS FED OUT-DOVES BOJ Full Story → https://t.co/NeWPbxUuNo Japan's Nikkei share average hit a record high on Thursday and the yen rebounded from a four-month low, after the U.S. Federal Reserve stuck to its easing path despite… https://t.co/sEQIjYOJ3N
Japan Shares Scale Record High, Yen Rebounds as Fed Out-Doves BOJ https://t.co/H0yVFwJ0Au
Japan's Nikkei average closes at all-time high after BOJ policy shift https://t.co/tPeFlc4ZYr
Nikkei stock index ends at fresh record high https://t.co/HqsmdsBwn5
BREAKING: Japan's Nikkei average closes at all-time high after BOJ policy shift. https://t.co/oBPzTm0VHy
⚠️ JUST IN: *BANK OF JAPAN IS SEEN WEIGHING FURTHER INTEREST RATE HIKES THIS YEAR: NIKKEI $JPY 🇯🇵🇯🇵 https://t.co/s8g0HSbXeu
🔴 ASIA STOCKS AT HIGHEST SINCE 2022 ON FED SIGNALS - ASIA MARKET WRAP https://t.co/bj4u7Eydmn
Japan’s Nikkei Scales Record High, Yen Rebounds as Fed Out-Doves BOJ https://t.co/H0yVFwJ0Au
⚠️ MORNING BID: THREE MEETINGS DOWN, BRING ON THE REST Full Story → https://t.co/cZqRA51x0z A look at the day ahead in European and global markets from Tom Westbrook. https://t.co/69lEjTvCcU
Nikkei stock index rises 2%, hits new intraday record high https://t.co/AzAIu0iWh4
Japan's benchmark Nikkei Stock Average hit an all-time intraday high on Thursday. https://t.co/rutwJNeZQT
The Nikkei's on course to close at another fresh high. We. So. Back. https://t.co/c0w5nCLykk
🇯🇵Japan's repo rate turns positive, for the first time since 2016.
Stocks in Asia Pacific poised for best day of the year and highest close in 2 years. Left: APAC benchmarks Top Middle Chart: Index at 2022 highs. Volume pick up in 2024 Bottom Middle: Good breadth across sectors https://t.co/jVCIvcxOSK
Most Japan firms expect BOJ to increase rates towards 0.25% this year https://t.co/78CFDZ7uK1 https://t.co/Hf7ZkMs0so
Having kept monetary policy ultra-loose for years, Japan has now begun to follow the course set by other economies since widespread inflation took hold. It is a remarkable moment https://t.co/euATH7O53M 👇
Nikkei Stock Average Hits Record High https://t.co/03nAuM3HJj
Nikkei stock index hits new intraday all-time high https://t.co/EiNAOgG82u
Japanese stocks are set to rise when markets reopen from a public holiday after the Bank of Japan’s policy decision accelerated the yen’s drop https://t.co/KOP90vNylU
JAPAN'S BENCHMARK NIKKEI SHARE AVERAGE HITS RECORD HIGH
EURO RISES TO ONE-WEEK HIGH OF $1.0937
STERLING RISES TO ONE-WEEK HIGH OF $1.2797
🔴 EURO RISES TO ONE-WEEK HIGH OF $1.0937
Most Japan Firms Expect BoJ To Increase Rates Towards 0.25% This Year - Street Insider https://t.co/E308yUsILI
For the first time in 17 years, the Bank of Japan has increased its interest rates. Who will benefit and who will lose from this decision? Listen to the Big Take podcast https://t.co/STmoMqvClA
The Bank of Japan’s tricky path to normalisation https://t.co/wZ6i4zxd2V | opinion
Boom: Bank of Japan is seen weighing further interest rate increases this year: Nikkei
The Bank of Japan's first rate hike in 17 years may set the stage for tackling a perceived negative legacy of its ultraloose monetary policy, which has allowed many unprofitable "zombie" companies to stay afloat, and create room for more economic growth. https://t.co/VziSxvNIvm
BREAKING 🚨: Japanese Yen Japanese Yen weakens against the U.S. Dollar to multi-decade lows https://t.co/WWOX0IZ0jZ
The Bank of Japan raised interest rates for the first time since 2007. Get insight on the main reasons for the policy change from Rini Sen, Franklin Templeton Fixed Income economist. https://t.co/LFUJMZlMzk
💡If the USD/JPY exchange rate falls to 155, it may trigger the possibility of intervention by Japan. According to former senior Japanese foreign exchange official Eizai Sakakibara, if the yen falls to the range of 155-160 against the US dollar, Japanese authorities may…
Now that Japan has increased its interest rates for the first time since 2007, investors and economists are divided over how long it will take before the country's central bank opts for another hike. https://t.co/YVb7kV0MVW
$eurjpy highest since '07 https://t.co/4rlSR6f8Oe
⚠️ MORNING BID - G7 DISINFLATION CHEER AS FED DECIDES Full Story → https://t.co/XI2ux2cGzY A look at the day ahead in U.S. and global markets from Mike Dolan
⚠️ ANALYSIS-YEN CARRY TRADE TEMPTS SELLERS DESPITE BOJ RATE HIKE Full Story → https://t.co/7DolMfZPr0 Japan's era of negative rates may be over, but some investors are convinced that low rates are not, meaning bets against the yen are back despite the Bank of Japan's first… https://t.co/BIkhnxgYNl
‘Mr. Yen’ says authorities may soon intervene as Japanese currency eyes multi-decade lows https://t.co/4K6m1OiHKg
Editorial: Bank of Japan's rate hike a chance to break away from economic complacency https://t.co/wEdZ4hmtcR
❖ USD/JPY EXTENDS GAIN, RISES 0.5% TO HIT DAY'S HIGH 151.65
Here are four things to know about the Bank of Japan's decision -- its first interest rate hike in 17 years. https://t.co/oVonQAlP7w
Economist and S&P Global’s former vice chairman Paul Sheard explains the significance of Japan’s first-rate hike in 17 years. https://t.co/Cm2OVK6SMU
ICYMI! Did the Bank of Japan's decision to abolish its negative policy rate mark the end of an era? ⬇️ https://t.co/b5vQl8mAxb
Japan Government Hails End to Negative Interest Rate Policy; Opposition Members Raise Concerns Over Timing of Decision https://t.co/xd3MupOA6g
When Will Japan Declare The End of Deflation?; Move May Come After BOJ Abolishes Negative Interest Rate Policy https://t.co/FxCH84agFc
EDITORIAL: BOJ policy shift / Japan is primed for a virtuous economic cycle, but the BOJ must watch the impact of rate hikes closely. https://t.co/YkSJCdm1O1 https://t.co/0W4iv6BJ2s
🔴 STOCKS RANGE-BOUND AHEAD OF FED MEET, YEN FALLS - ASIA MARKET WRAP https://t.co/rCbq5oYpSh
According to “Mr.Yen” the #BOJ will intervene if $JPY will fall to 155… I am not so sure the stretch between 152 and 155 will be painless for the global financial system… personal opinion 🤔 https://t.co/vqYLZyiTqH https://t.co/gcGviLEi6e
‘Mr Yen’ Says Japan Could Intervene If Yen Falls To 155 - CNBC https://t.co/oleF8nxWTF
'Mr Yen' says Japan could intervene if yen falls to 155 https://t.co/CxH9sRmELz
Morning Bid: More pounding of yen as UK inflation data looms https://t.co/KxA6lKyxwp https://t.co/LYUHHS0AeW
🇯🇵 #Japan | #Yen, wages and politics forced #BOJ's hand on March rate hike – Nikkei https://t.co/ASAjkCyQkK
⚠️ MORNING BID: MORE POUNDING OF YEN AS UK INFLATION DATA LOOMS Full Story → https://t.co/F2r0zSGblH A look at the day ahead in European and global markets from Vidya Ranganathan https://t.co/9w7emdBBEt
🔴 EURO JUMPS 0.43% TO 164.64 YEN, REACHES HIGHEST LEVEL SINCE 2008
On Tuesday, the Bank of Japan raised interest rates after 17 years, marking a historic shift away from an aggressive monetary easing programme. News Explainer: https://t.co/OkdXZMGXf4 By @ujjainidutta_ & @ditipujara.
The yen is at risk of sliding back to three-decade lows against the dollar after the Bank of Japan ended negative interest rates without clear guidance https://t.co/216GaJB8eg
#NewsAlert | Japanese yen fell to a 16-year low against the Euro today as the Bank of Japan indicated that monetary policy would remain loose even after shifting out of its negative interest rate environment. (Reported by news agency AFP)
How the Bank of Japan's plan for a smooth stimulus exit stumbled: A look inside the decision to scrap the world’s last negative rate policy. https://t.co/qMvDBG5RIF
*****YEN FALLS TO LOWEST SINCE 2008 VERSUS EURO ON BOJ POLICY BETS**** @markets
How the Bank of Japan’s Ueda dismantled the world’s last negative rate https://t.co/zPtUyTW24y
What's next for the BOJ after its exit from negative rates? https://t.co/lNIQz9K9qE
Japanese yen hits near 4-month low of 151 per dollar https://t.co/8kpgr3Kw3A
Yen flounders near four month low, Fed in spotlight https://t.co/QUEFDX8Z8Q https://t.co/1YOQjddqvf
How the BOJ's plan for a smooth exit from negative rates unraveled https://t.co/ejUNz3lgvK https://t.co/c6Mqx9p2v5
The #yen falls to the weakest level since 2008 against the #euro on speculation the #BankofJapan will keep its monetary policy accommodative even after it ended the world’s last negative-interest-rate policy https://t.co/K8SDpUchh8 via @markets https://t.co/xi9q0T93yJ
Market Alert | Yen falls to lowest since 2008 versus Euro on BoJ policy bets #BoJ #Yen #Euro #MarketAlert #StockMarket https://t.co/KfJ5d8REf7
Dollar advances vs. yen to 4-month high near 151 line in New York https://t.co/EecVN2z8rn
The yen is now touching a 30-year low https://t.co/7nSadG3l66
In a weird twist, the Japanese yen drops to the weakest level since 2008 against the euro/USD on speculation the Bank of Japan (BoJ) will keep monetary policy accommodative even after it has ended its negative interest rate policy. https://t.co/8EqjQbTslG
The yen falls to the weakest level since 2008 against the euro on speculation the Bank of Japan will keep its monetary policy accommodative even after it ended the world’s last negative-interest-rate policy https://t.co/U3LEmDYTqc
CITIC Securities: There is still the possibility of a further increase in the Bank of Japan's policy interest rate, with the short-end target rate likely reaching approximately 0.5% by the end of the year. There is further room for the US-Japan spread to narrow, but the…
🔴 EURO HITS HIGHEST LEVEL AGAINST YEN SINCE 2008 AT 164.33
YEN FALLS TO LOWEST SINCE 2008 VERSUS EURO ON BOJ POLICY BETS https://t.co/NbQCrTSohA
🔴 YEN DROPS TO LOWEST VS EURO SINCE 2008 ON BOJ POLICY EXPECTATIONS
🔴 JPY/EBS UP 0.25% TO 151.24 AFTER HITTING FOUR-MONTH HIGH OF 151.30
EURO RISES ABOVE 163.955 YEN TO HIGHEST SINCE NOV
Morning Bid: Yen hurtles toward historic low, Fed in focus https://t.co/plTHWZO3Pd https://t.co/aqi3K3mkYC
Easy does it: The Bank of Japan's experiment: The Bank of Japan announced a seismic change in direction on Tuesday, hiking interest rates for the first time in 17 years. The move represents an unwinding of… https://t.co/P5d6kFIQDp #japannews #japantoday
⚠️ MORNING BID: YEN HURTLES TOWARD HISTORIC LOW, FED IN FOCUS Full Story → https://t.co/zwV6XvExzZ A look at the day ahead in Asian markets. https://t.co/aUyaPBkGug
Global Era of Negative Interest Rates Ends as Japan Goes to Zero https://t.co/i51HWfsjN5
#BOJ Takes "Big Bang" Step as It Exits Negative Rates, Drops YCC, ETF Buying: Sheard If @BankOfJapan's Ueda had only moved negative 0.1% rate ip 20 bps to plus 0.1% not such a big deal. But jettisoning the old tools entirely opens door wide to further policy moves IF data show…
Bank of Japan Keeps Making its Loosest-Ever Monetary Policy Slightly Less Loose at the Slowest-Ever Snail’s Pace. Which devalued the yen by Third-Worldish 30% against the USD in 2 years as other central banks hiked in big increments and started QT https://t.co/GsXRXnWrfr https://t.co/wHtLcI3Cry
Bank of Japan Keeps Making its Loosest-Ever Monetary Policy Slightly Less Loose at the Slowest-Ever Snail’s Pace. Devalued the yen by Third-Worldish 30% against the USD over the past 2 years as other central banks hiked in big increments and started QT https://t.co/GsXRXnVTpT https://t.co/zNH2QweLyc
Global central bankers, desperate to jolt post-financial crisis economies out of a stagnant state and stoke inflation, embarked on a grand experiment in the 2010s — pushing interest rates into negative territory. Now, that experiment is officially over. https://t.co/YcT5h52SF0
Negative-interest-rate era is over. Was it the ‘dumbest idea’ in economic history? https://t.co/vUOMrJgOn4
The Bank of Japan has made "the appropriate policy decision at the appropriate time," the head of Japan's biggest business lobby said, welcoming Gov. Kazuo Ueda's move to hike interest rates for the first time in 17 years. https://t.co/PepUdSEkf3
So what did the BOJ do? They raised the policy rate on the short end to zero (NIRP to ZIRP) and officially ended YCC for the 10 yr. Underwhelming but a start. Will they let the 10 yr fall, and how far? Will they raise the policy rate on an ongoing basis?
The Bank of Japan raised interest rates above zero for the first time in eight years, a major overhaul of monetary policy that marks a shift in the country’s economic prospects. https://t.co/ocIPa42Ef8
Japan's central bank has signalled progress in its efforts to boost the country's economy by ending vast swathes of a massive stimulus programme Read more 🔗 https://t.co/OULoEt05dr
💼 The Bank of Japan Ended the Negative Rates Era & Scrapped the Yield Curve Control https://t.co/4seAe1L8VE 66% of retail CFD accounts lose money.
Japan’s Central Bank raised interest rates for the 1st time since 2007. Given how many leveraged macro strategies have been based on cheap yen borrowing costs, it will be interesting to see if eventually there is any collateral damage.
Historic day in Tokyo today as the Bank of Japan becomes the last central bank to end the use of negative interest rates to stimulate the economy https://t.co/lZJ2DMZfeP
The Bank of Japan just made a historic rate pivot. Here's what could happen next https://t.co/mTv8bQOp6j
Japan’s Business Groups Welcome BOJ Decision to Lift Negative Interest Rate Policy https://t.co/BVwTWE9sgb
Some context. The BOJ raised rates but to “a range of between 0% and 0.1%.” It also said bond buying will continue if rates go up too much. Japan pays 0.8% to borrow for 10 years. To call that tightening is like doing pull ups off a high-rise balcony. It’s unnecessary & absurd.
Japan ends era of negative rates with few clues on further hikes https://t.co/5HYbqck4en via @business
Japan Ends Era of Negative Rates With Few Clues on Further Hikes @markets https://t.co/kNSn4V6wem
The Bank of Japan on Tuesday conducted a sweeping policy overhaul, scrapping its negative interest rate policy as it bets that Asia’s second-largest economy is emerging from a protracted period of disinflation. https://t.co/apqAFlIMSq
🇯🇵#BoJ ends era of negative rates, raising policy rate range to 0-0.1% (from -0.1%) ➡️ Scraps Yield Curve Control program but pledge to continue buying long-term bonds as needed ➡️Ends ETF purchases ➡️ “Importance of maintaining accommodating environment” https://t.co/fVz9BJBGGp
Yen down with JGB yields, stocks rally after landmark BOJ policy pivot - Reuters https://t.co/HI6kdj1sbr
The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world’s last negative interest rate and a raft of unconventional tools, while leaving the course of additional hikes unclear https://t.co/1IFuu9uPXs
🔴 YEN DROPS ON BOJ'S DOVISH TONE, US FUTURES DECLINE - EUROPE MARKET WRAP https://t.co/dsTAdaKqKs
Bank of Japan scraps radical policy, makes first rate hike in 17 years - Reuters https://t.co/DmUtbm0I3H
Global Era of Negative Interest Rates Ends as Japan Goes to Zero - WSJ https://t.co/ydy0T72Yud
The world’s 12-year experiment with negative interest rates is over https://t.co/JMwlCo0vkY https://t.co/JMwlCo0vkY
As expected, Bank of Japan ends 8 years of negative interest rate policy (NIRP). It also will no longer be buying riskier products, like ETFs. Yen falls 1% and global equities modestly retreat... https://t.co/J7Y7Vj5WyS
The BOJ moves out of negative interest rates as well as scraps its YCC policy and ETF purchases https://t.co/OLyrMYCMQD
Shares dip, yen slides as BOJ's landmark policy shift draws eyes https://t.co/9zUyrIixYQ https://t.co/IOcr5nysOZ
What should we think of the #BankofJapan's decision to remove its negative yield policy? Well, NOT that this marks the end of an era. Just have a look at the chart below. In addition, BoJ governor Ueda stated he has no specific idea on what to do with the massive balance sheet… https://t.co/Uuy0Z5q4b9 https://t.co/eas6lfM60c
Japan calls time on era of massive stimulus after long search for inflation Read more 🔽 https://t.co/TWQsSl8ZRy
⚠️ MORNING BID - JAPAN RETURNS FROM UPSIDE-DOWN WORLD, AI FIZZES Full Story → https://t.co/lzbKTF7kj8 A look at the day ahead in U.S. and global markets from Mike Dolan. https://t.co/8wXfKHPAvQ
Intervention could be needed as yen drops following BoJ hike: analyst https://t.co/3TgeHoxOZn
⚠️ BOJ JOINS A RATE-HIKE PARTY THAT OTHER BIG CENTRAL BANKS HAVE LEFT Full Story → https://t.co/ANgE93eyY4 Global interest rates are in flux. The Bank of Japan, a holdout dove as central banks across the developed world raised borrowing costs from late 2021, finally called… https://t.co/ilLUDfDfzs
Japan's yen falls more than 1%, nearing the weakest level for the year, after the central banks rate hike move https://t.co/eag86G8bq0
ET NOW Alert | Yen extends decline versus dollar to 1%, nearing 2024 low https://t.co/rFSOuMDvue
⚠️BREAKING: *JAPAN'S YEN WEAKENS 1% AGAINST THE DOLLAR DESPITE BOJ RATE HIKE $USD $JPY 🇯🇵 https://t.co/tEFFCybeBW
❖ YEN EXTENDS DECLINE VERSUS DOLLAR TO 1%, NEARING 2024 LOW
Now that the era of negative interest rates is over, Europe offers clues for investors on where Japan might go next https://t.co/SdE3ExuzLy
❖ DOLLAR/YEN EXTENDS RISE AFTER BOJ DECISION; LAST UP 1% AT 150.630, SET FOR BIGGEST ONE-DAY GAIN SINCE EARLY FEB
*BOJ RAISES INTEREST RATES FOR FIRST TIME SINCE 2007**** @markets