On March 19, the Bank of Japan held a monetary policy meeting and decided to move the policy rate from negative 0.1% to 0 to 0.1%, and also decided to end the yield curve control policy (YCC) and stop buying trading open-end index funds (ETFs) and real estate investment trusts (REITs)。This is the first time the Bank of Japan has raised interest rates in 17 years, which means that it has ended its eight-year negative interest rate policy and marks the beginning of normalization of Japan's ultra-loose monetary policy, which has been maintained for about 11 years.。