Asia Stocks Look Mixed Ahead of BOJ Rate Decision: Markets Wrap
The yen weakened after the Bank of Japan brought an end to the world’s last negative interest rate policy but in a way that kept financial conditions easy and data dependent.
The yen weakened after the Bank of Japan brought an end to the world’s last negative interest rate policy but in a way that kept financial conditions easy and data dependent.
Japanese banks will start earning billions of yen in interest on their deposits with the Bank of Japan after it scrapped negative rates.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
South Korean authorities have issued notices to temporarily suspend the licenses of two doctors in its first punishment since trainee doctors walked off their jobs about a month ago in protest of a government plan to increase medical school enrollment.
Bitcoin extended a retreat as investors digested a record daily outflow from the world’s biggest exchange-traded fund for the token as well as scaled-back expectations for Federal Reserve interest-rate cuts.
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