BOJ steps up policy normalization, to sell assets amassed under easing

Bank of Japan Governor Kazuo Ueda on Friday stressed the central bank's commitment to continue raising interest rates, as it stepped up its monetary normalization efforts by deciding to sell assets that have built up over a decade of unorthodox easing.As widely expected, the BOJ left its benchmark interest rate at around 0.5 percent for the fifth straight policy meeting after raising it to that level in January, as it continued to assess the impact of higher U.S. tariffs."If the outlook for the economy and prices is realized...we will continue to raise the policy interest rate and adjust th…READ FULL ARTICLE