Yen sinks, Nikkei gains after BOJ hike rates - Markets - Business Recorder

The Bank of Japan raised interest rates in a move largely expected by markets, but two dissenting board members signaled potential slower or more cautious tightening ahead. As a result, the yen weakened and Japanese government bonds fell, while Japanese stocks rose on the rally driven by the weaker currency boosting overseas earnings.

# Yen sinks, Nikkei gains after BOJ hike rates - Markets - Business Recorder Author: Reuters Published: 2026-09-19T04:55:25+05:00 Source: brecorder.com (brecorder.com) Language: en ## Story Yen sinks, Nikkei gains after BOJ hike rates - Markets - Business Recorder # Yen sinks, Nikkei gains after BOJ hike rates Published September 19, 2026 Updated September 19, 2026 04:55am By Reuters TOKYO: The yen weakened and Japanese government bonds slid after the Bank of Japan raised interest rates in a well-telegraphed move, as dissent from two board members cast doubt on how aggressively it will tighten policy from now. Japanese stocks rallied, helped by the weaker currency, which boosts the value of overseas earnings when repatriated into yen. “The rate hike itself was in line with market expectations, but the two dissenting votes came as a modest surprise,” said Hirofumi Suzuki, chief FX strategist at SMBC in Tokyo.

read it at brecorder.com