Bank of Japan hikes rates for first time since 2007

It is the end of an era in Japanese monetary policy. The last holdout for negative interest rates has finally abandoned the policy as the Bank of Japan takes steps to unwind its massive monetary support to the economy. CNA's Michiyo Ishida shares what prompted the BOJ to go ahead with this policy shift. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia