Japan ends the era of negative interest rates.. What now?.
After a decade of ultra-loose monetary policy and 8 years of sub-zero borrowing costs, Bank of Japan Governor Kazuo Ueda made the decision to direct the interest rate to a range between 0 and 0.1%. The move, Japan's first increase in borrowing costs in 17 years, comes at a unique juncture as other major central banks consider cutting interest rates. Analysts view this shift as an important step towards normalization, indicating confidence in the path of the Japanese economy.