Japan's central bank pulls the plug on its ultra-aggressive monetary stimulus programme, hiking rates for the first time in 17 years.
The Bank of Japan's outlier policy of negative rates and massive asset purchases was aimed at jump-starting economic growth and price rises after the "lost decades" of stagnation and deflation.
🇯🇵 But following months of speculation, the BoJ finally changed its policy rate range from -0.1 percent to between zero and 0.1 percent, in its first hike since 2007.
The move will make loans more expensive for consumers and businesses, but banks will be able to earn more money from lending.
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