Thursday, January 28, 2016

Counting backwards

 CNBC:The Bank of Japan adopted negative interest rates for the first time at the end of its two-day policy review on Friday, buckling under pressure to ease concerns about the health of the world's third-largest economy
We need a method of taking Yen off the table without resorting to paper cash.  These negative rates are mostly about regulatory costs of keeping liquidity on deposit.

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