Yen slides and Japan stocks surge after BOJ rate hike
The yen weakened after the Bank of Japan raised interest rates in a well-telegraphed move; two of the board’s nine members dissented. Japanese stocks rallied, aided by the weaker currency.
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04:30:24 AM UTC
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A look at the day ahead in European and global markets from Tom WestbrookThe Bank of Japan raised interest rates, as expected, though it knocked the yen by sounding a fraction less hawkish than its peers.Significantly, the hike, coming just three months after it last raised rates, breaks a pattern…
Japanese stocks rallied, helped by the weaker currency, which boosts the value of overseas earnings when repatriated…