Japan Stocks Surge After Central Bank Hikes Policy Rate to Three-Decade High

Japan’s rate hike to 0.75% boosted stocks and bond yields, while inflation and the yen’s depreciation remain key concerns, with positive movements across Asian markets.

Live Market Updates

Latest Financial News

neutral
13h ago

Japan Stocks Surge After Central Bank Hikes Policy Rate to Three-Decade High

Japan Stocks Surge After Central Bank Hikes Policy Rate to Three-Decade High
Japan’s equity markets surged after the Bank of Japan raised its policy rate to 0.75%, the highest level since 1995, amid persistent inflation. The rate hike of 25 basis points comes as inflation remains above target, with Japan’s consumer inflation rate dropping to 2.9% in November. Following the rate hike, the Nikkei 225 advanced by 1.33%, and bond yields rose, with the 10 year government bond hitting 2%, the highest since 2006. 
Companies:
  • Bank of Japan
  • ICICI Prudential AMC
Tags:
  • Japan
  • Bank of Japan