Bank Of Japan’s Interest Rate Hike: What Will Be The Impact On The Economy?

The Bank of Japan (BOJ) has made significant policy changes, including raising interest rates for the first time since 2007, increasing rates from -0.1% to 0.1%. This marks the first rate hike in 17 years. Additionally, BOJ has abolished its yield curve control policy. While maintaining the policy of buying $40 billion in Japanese government bonds (JGBs) every month, it will discontinue purchases of ETFs and Japanese real estate investment trusts. These changes make Japan the last central bank to exit negative rates. Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC shares his views. #boj #japan #japanpolicy #monetarypolicy #bankofjapan #etnow #etnownews Subscribe To ET Now For Latest Updates On Stocks,