Daily Agenda: Bank of Japan Turns to Negative Rates
Japanese central bank switches gears to press banks to deploy capital; Icahn wins and Xerox will split; consumer prices rise in the euro-zone; OPEC won’t meet with Russians.
In a 5 to 4 vote, the policy board of the Bank of Japan moved to a negative interest rate environment on Friday during their monthly meeting. Under the new, multi-tiered regime, excess reserves held by banks will be debited 0.1 percent and BOJ
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