TOKYO -- The Bank of Japan on Tuesday conducted a sweeping policy overhaul, scrapping its negative interest rate policy as it bets that Asia's second-largest economy is now emerging from a protracted period of disinflation.
Ueda vows to 'set monetary policy like other normal central banks'
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BOJ Governor Kazuo Ueda speaks at a news conference at the bank's headquarters in Tokyo on March 19. (Photo by Mayumi Tsumita)
TOKYO -- The Bank of Japan on Tuesday conducted a sweeping policy overhaul, scrapping its negative interest rate policy as it bets that Asia's second-largest economy is now emerging from a protracted period of disinflation.