Banknotes: April to June 2024

A round-up of news and salient issues that have affected central bankers in the past three months

Bank of Japan
Bank of Japan
Monetary policyBoJ ends negative interest rate policy

The Bank of Japan raised rates for the first time in 17 years on March 19, ending the negative rate policy it introduced in 2016. The central bank also abolished its yield target for Japanese sovereign bonds and scaled back its asset purchase programmes. In a 7:2 vote, the BoJ’s policy board decided to raise its short-term interest rate to between 0% and 0.1%, from -0.1% previously. The Japanese central bank considered that the yield curve

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