Trading Floors Buzz With Excitement as BOJ Axes Negative Rates
- Yen falls, real estate stocks surge after BOJ raises rates
- Japan is finally attracting attention with exit from deflation
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One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
The buzz was palpable from the 17th floor trading room of Mitsubishi UFJ Trust & Banking Corp. in the heart of Tokyo, to Martin Place in Sydney, as traders tracked the most highly anticipated Bank of Japan decision in recent memory.