Friday, January 29, 2016

BANK OF JAPAN NEGATIVE INTEREST RATES

World shares jumped and the yen slumped on Friday after the Bank of Japan stunned markets by taking one of its main interest rates into negative territory, its boldest step yet to reinflate the economy.
The yield on Japanese benchmark government bonds plunged to record lows after the central said it would charge 0.1 percent for excess reserves parked with the institution, an aggressive policy pioneered by the European Central Bank.
 

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