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Bank of JapanJapan’s central bank lifted its benchmark interest rate to “around 0.25%” from the previous range of 0% to 0.1%, narrowing the rate differential with the U.S. Federal Reserve which had pressured the yen. The Bank of Japan also outlined plans to taper its bond buying program, and said it will continue to raise rates barring a change in economic conditions.
U.S. stocks fellThe S&P 500 and the Nasdaq Composite closed lower on Tuesday as tech weighed on the two stock indexes and investors awaited quarterly earnings from megacaps Meta, Apple and Amazon later this week. The broad market index retreated 0.5%, while the Nasdaq Composite tumbled 1.28%. The Dow Jones …