Japan's Nikkei hits 70,000 as BOJ rate hike sparks rally

rss · Nikkei 2026-06-16T04:25:37Z en
MarketsMarket welcomes lack of hawkish language in BOJ statementAfter raising its policy rate to 1% on June 16, the Bank of Japan helped send the Nikkei Stock Average over the 70,000 mark for the first time. (Photo by Shintaro Ino) TOKYO -- Tokyo stocks staged a rally following the Bank of Japan's widely anticipated move of raising its policy rate by 25 basis points to 1%, sending the benchmark Nikkei Stock Average to 70,000 for the first time ever.

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