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Bank of Japan in Tokyo raises main interest rate for first time in 17 years
This footage was filmed and produced 18 March 2024.
Japan on Tuesday ended its policy of negative interest rates and controlling Japanese bond yields. From now on, the Bank of Japan will apply a short-term interest rate of between 0% and 0.1%, up from -0.1% until now. It is taking note of the return of inflation, but intends to maintain accommodative financial conditions, as Japan's economic recovery remains fragile.
SHOTLIST:
1. Various Bank of Japan;
2. Various banks in Tokyo;
3. Various from Tokyo streets.
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