Sumio Ito

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  • FILE – A person stands in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, March 18, 2024, in Tokyo. Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy.(AP Photo/Eugene Hoshiko, File)Finance

    Japan’s central bank just hiked its benchmark interest rate for the first time in 17 years, scrapping the world’s last negative rate

    By Toru Fujioka, Sumio Ito, and others