MarketsMarket welcomes lack of hawkish language in central bank's 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) AKANE OKUTSUJune 16, 2026 13:09 JSTUpdated on June 16, 2026 18:31 JSTTOKYO -- 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.
Japan's Nikkei clears 70,000 briefly on BOJ relief
Market welcomes lack of hawkish language in central bank's statement
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