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The Japanese central bank on Tuesday decided to end its years-long negative interest rate policy. Following a two-day meeting, the Bank of Japan (BoJ) decided to slightly raise the range for short-term interest rates to between 0% and 0.1%. With the first rate rise in 17 years, the BoJ is the last of the world’s major central banks to abandon its policy of negative interest rates. It first introduced the policy course in 2016 in the fight against deflation. The bank’s goal of achieving stable inflation of 2% is in sight. According to economists, the change signals the start of a normalization …

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