Japan’s Nikkei clears 70,000 briefly on BOJ relief
Markets
Market welcomes lack of hawkish language in central bank’s statement
After 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 OKUTSU
June 16, 2026 13:09 JST
Updated on June 16, 2026 18:31 JST
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.
