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International Business Times
International Business Times
Business
Etienne Balmer and Katie Forster

Easy Does It: The Bank Of Japan's Experiment

Bank of Japan BOJ Japan Louis Kuijs Interest Rates
Most analysts think Japan's economy would have fared worse without the BoJ's ultra-loose policies (Credit: AFP)

The Bank of Japan on Tuesday announced a seismic change in direction on Tuesday, hiking interest rates for the first time in 17 years.

The move represents an unwinding of an ultra-loose -- and maverick -- policy aimed at putting Japan's "lost decades" of stagnation and deflation behind it.

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