Japan's Nikkei tops 70,000 as BOJ rate hike sparks record rally
The Bank of Japan raised its policy rate to 1%, the highest level since 1995. Nikkei Asia reports the Nikkei 225 index then climbed above 70,000 points to a new record high after the decision. Investors are reading the hike as confirmation that Japan's policy stance against deflation has firmed.
Nikkei Asia3 h agoJPY= N225