From Morningstar:

The Bank of Japan has raised interest rates for the first time in 17 years, moving from -0.1% to 0.1%. This marks the end of negative rates and the controversial “yield curve control” program. Japan’s inflation is above the 2% target, while the stock market indices have risen modestly. The yen fell against major currencies despite the rate increase. Shinzo Abe’s “Abenomics” initiative is said to have set the stage for Japan’s recovery. Abe’s reforms to corporate governance have contributed to stock market gains. The Bank of Japan’s decision to raise rates may impact global capital flows, especially with the upcoming meetings of the Federal Reserve and Bank of England.



Read more at Morningstar: Japan Raises Rates for First Time in 17 Years