"Japan's Landmark Policy Shift: Goodbye Negative Interest Rates, Hello Yen Slide"

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Source: Reuters
"Japan's Landmark Policy Shift: Goodbye Negative Interest Rates, Hello Yen Slide"
Photo: Reuters
TL;DR Summary

Global shares dipped and the yen slid after the Bank of Japan ended eight years of negative interest rates, shifting away from ultra-easy monetary policy and abandoning bond yield curve control. Investors are now focusing on the U.S. Federal Reserve's monetary policy meeting, with expectations of clues about the pace of interest rate cuts. The BOJ's move comes amid a busy week for central banks, including the Reserve Bank of Australia holding interest rates steady and the upcoming meetings of central banks in Britain, Norway, and Switzerland.

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