Yen falls and Japan stocks surge after BOJ rate hike with two dissents
The yen weakened after the BOJ raised interest rates in a well-telegraphed move, while Japanese stocks rallied, with two board members dissenting and raising questions about how aggressively policy will tighten.
The yen fell after the Bank of Japan raised interest rates in a well-telegraphed move, while dissent from two board members raised questions over how aggressively policy will be tightened from here. Japanese stocks surged, supported by the weaker currency, which lifts the value of overseas earnings.