The Bank of Japan (BoJ) has shifted from its ultra-loose monetary policy, raising its key short-term policy rate by 25 basis points to 0.75%, the highest since 1995. Governor Kazuo Ueda's hawkish stance indicates the end of Japan's low interest rate era, impacting global bond markets. Analysts note the significance of this move, warning of potential repatriation of capital as Japanese yields rise, affecting foreign bond buying and leading to a possible wave of deleveraging in global markets. Teljes cikk (Euronews.com)