BOJ’s communication about-face may haunt future rate moves

Published 13:22 IST, August 8th 2024

BOJ’s communication about-face may haunt future rate moves

The Japanese currency skyrocketed on Monday and the Nikkei stock average plunged the most since 1987 after the BOJ raised its short-term policy target to 0.25% from a zero-to-0.1% range.