Shares in Tokyo have fallen sharply after an unexpected move by the Bank of Japan signalled the beginning of the end for the country’s ultra loose monetary policy.
The bank kept its benchmark interest rate unchanged but increased the upper limit of its tolerance band on 10-year government bonds to 0.5% from 0.25%.
The move took Asia markets by surprise, with the Nikkei 225 down 2.5% by the close and leading technology stocks off by as much as 5%.
