Helena Lyng Blak
10 weeks ago

Japanese stocks increase, yen tumbles

The market responds to the Bank of Japan’s historic decision to end negative rates.
Japanese Stock market board
TK Kurikawa / Shutterstock.com

After eight years of negative interest rates and a 17-year period without any increase in rates, the Bank of Japan (BoJ) is making a significant shift from its prior policy.

This move is aimed at spurring growth and revitalizing an economy that has been largely stagnant for decades.

The BoJ is adjusting its short-term interest rates from the previously negative 0.1% to a range of "around zero to 0.1%."

Following the announcement, the Nikkei share average rose. Meanwhile the yen fell 0.99% to the US dollar.

The Nikkei is a stock market index for the Tokyo Stock Exchange (TSE). One of the most widely recognized indicators of the Japanese stock market's performance, it is a key indicator of the Japanese economy. 

The index is composed of 225 top-rated companies listed on the TSE, representing a broad spectrum of industries.

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