Japan has ended its strategy of negative interest rates, ending more than a decade of loose monetary policy.
The Bank of Japan has increased overnight lending rates to a range of 0 per cent to 0.1 per cent, an increase on the previous range of minus 0.1 per cent to 0 per cent. It is the first time the BoJ has increased rates in 17 years, seeing the end of the negative rates policy introduced in 2016. The decision also makes it the last central bank to abandon negative rates.