Bank of Japan exits its Negative Interest Rate policy
At its Policy Board meeting on 19 March, the Bank of Japan (BoJ) raised interest rates for the first time since 2007, exiting its Negative Interest Rate (NIR) policy, ending the Yield Curve Control (YCC) framework and agreeing to stop purchases of other assets. In this Macro Flash Note, Economist Sam Jochim explains the changes and what can be expected from upcoming meetings.