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  • Business
    Reuters

    Morning Bid: Bank of Japan goes big

    In a well-telegraphed move, the Bank of Japan delivered what investors had been waiting for - ending its negative interest rate policy after eight years. Not just that, the central bank abandoned yield curve control, a policy in place since 2016 that capped long-term interest rates around zero, and also said it would no long purchase risky assets such as exchange-traded funds (ETF) and Japanese real estate investment trusts. Japanese shares were volatile and then rose, while the yen slid to 150 per dollar.

  • Business
    Reuters

    China seen leaving benchmark lending rates unchanged in March

    China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady last week at a time when the broad economy is starting to show some signs of improvement. The loan prime rate (LPR) normally charged to banks' best clients is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC). Most new and outstanding loans in the world's second-largest economy are based on the one-year LPR, which stands at 3.45%.

  • Business
    The Canadian Press

    Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

    BANGKOK (AP) — Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy. In a widely anticipated move, the BOJ raised its overnight call rate to a range of 0 to 0.1%, up from minus 0.1%. It said that wage increases and other indicators suggested that inflation had stabilized above the BOJ's 2% target, but noted “extremely high uncertainties,” including weakness in industrial production, exports,

  • Business
    Bloomberg

    Yen Slides as BOJ Raises Rate, First in 17 Years: Markets Wrap

    (Bloomberg) -- The yen weakened after the Bank of Japan brought an end to the world’s last negative rates in a widely expected move while keeping financial conditions easy for now. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t Stop After Pre