Tag Archives: Negative

Negative Rates Would Apply for $201 Billion of Reserves: BoJ

Tokyo: The Bank of Japan (BoJ) on Tuesday said negative interest rates will apply to about 23 trillion yen ($201 billion) of total reserves, based on estimates of current account deposits held with the central bank in January. About 206 trillion yen of the deposits parked in BoJ accounts by financial institutions will be paid a 0.1 per cent interest, ... Read More »

BoJ Launches Negative Rates, Already Dubbed a Failure by Markets

Tokyo: The Bank of Japan’s negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, which announced the shock decision on January 29, will charge banks 0.1 per cent for parking additional reserves with the BoJ ... Read More »