Phuket Expat Finance: Japan’s negative interest rates take hold

PHUKET: Over the past few years, the central bank of Japan has tried every financial trick in the book to kick-start the ailing Japanese economy. They have increased the flood of cash into the system, implemented tax cuts and kept interest rates down. So why did latest interest rate cut by the Bank of Japan come as such a surprise to the financial community? Because it set rates at -0.1%… that’s right, a negative interest rate.

Phuket News | The Phuket News 2016-03-02
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