Japan's stocks rise over 2% as BOJ rate hike expectations build

Annual wage deals give weight to prospects for higher interest rates

20240318 up 900 points

The Nikkei Stock Average rose over 1,000 points on March 18. (Photo by Yuji Murakami)

LISA KIM, Nikkei staff writer

March 18, 2024 14:42 JST

Updated on March 18, 2024 15:26 JST

TOKYO -- Japanese stocks rose sharply on Monday as expectations built for the Bank of Japan to shed its negative interest rate policy.

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