© Reuters. Japanese national flag is reflected on the signboard of the Currency Museum of the Bank of Japan in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/file photo
By Kevin Buckland
TOKYO (Reuters) -The yen weakened and Japanese government bond yields fell after the Bank of Japan on Tuesday announced an exit from years of ultra-easy monetary policies, marking a historic shift from a decades-long fight against deflation.
The share average rose, reversing morning losses, following volatile trading immediately after the central bank said it was ending its negative interest rates policy and yield curve control (YCC), as well as dropping purchases of risky assets, including exchange-traded funds (ETFs).
The decision was widely expected after local and international media, including Reuters, had reported over the past week of a likely end to most or all of the BOJ’s stimulus programmes at this policy meeting.
That…
