Wall Street stocks climbed Wednesday, keying off rises in global equities after the Bank of Japan overhauled its monetary policy framework, and with a Federal Reserve interest-rate decision ahead.
The BOJ kept its deposit rate unchanged at negative 0.1%. It also introduced a zero interest-rate target for 10-year government bonds, part of what analysts are calling “yield curve control.”
BOJ’s decision spurred a global equity rally, including on Wall Street.
