Tokyo Stock Exchange
12:11 JST, March 19, 2024 (updated at 17:15 JST)
TOKYO, March 19 (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 Nikkei 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 programs at this policy meeting.
That resulted in ‘sell-the-fact’ trade in Japanese markets, analysts…
