Bank of Japan scraps negative interest rate policy with first rate hike in 17 years

TOKYO, 19th March, 2024 (WAM/ Kyodo News) -- The Bank of Japan (BOJ) on Tuesday scrapped its negative interest rate policy in its first rate hike in 17 years, overhauling the central bank's unprecedented monetary easing framework of the past decade that aimed to end deflation.The BOJ decided at a tw