News: 2024.03.19
The Bank of Japan announced the end of its negative interest rate policy, which will cause overnight lending rates to rise to a range of 0 to 0.1%. The central bank stated that quantitative and qualitative easing (QQE), Treasury yield curve control (YCC) and negative interest rate policies have completed their set tasks.
While the move is considered an important shift, experts point out that the fundamentals of Japan's economy are less than ideal, which could limit the central bank's room to raise interest rates further. Japan faces many structural problems, including an aging population and weak economic growth.
As the global economic environment changes, the Bank of Japan needs to respond cautiously to ensure the stability and sustainable development of the economy. Experts suggest that the Japanese government should actively promote structural reforms to increase economic growth potential.
Although the Bank of Japan has ended its negative interest rate policy, the market remains uncertain about the future economic direction. Investors should pay close attention to global economic trends to make informed investment decisions.
In general, the Bank of Japan's actions will have a major impact on the Japanese economy. We need to pay close attention to future developments and prepare countermeasures to deal with possible challenges.