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 rates in a widely expected move while keeping financial conditions easy for now.
The yen weakened after the Bank of Japan brought an end to the world’s last negative rates in a widely expected move while keeping financial conditions easy for now.
The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world’s last negative interest rate while keeping financial conditions easy for now — a dovish tone that weakened the yen after the widely expected decision.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Treasury investors are rushing for the exit in the world’s biggest long-maturity ETF ahead of two key central-bank decisions this week.
A record rally in Taiwan stocks is luring retail investors to pile into exchange-traded funds, as local regulators stepped up warnings on the herding behavior.
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