The BOJ raised its short-term interest rates to 0% to 0.1% from -0.1%. The move sparked a sell-off in the yen against major currencies, with bond yields slipping as the Nikkei stock index closed higher after a volatile trading session.
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Bank of Japan ends the world's only negative rates regime
"Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s only negative rates regime and other unconventional policy easing measures enacted over the course of the last few decades to combat deflation."
