Japan’s first rate hike in 17 years unlikely to dent Singdollar’s strength against yen anytime soon

SINGAPORE - Singaporeans can continue to enjoy affordable holidays in Japan backed by the record-high strength of their currency against the Japanese yen, even after the Bank of Japan (BOJ) raised its key interest rate for the first time in 17 years on March 19.

The BOJ

set a new policy rate range

of between 0 and 0.1 per cent, up from minus 0.1 per cent.