Bank of Japan Unexpectedly Cuts Interest Rate Below Zero – New York Times

January 29, 2016 by Zennie Abraham

Bank of Japan Unexpectedly Cuts Interest Rate Below Zero
New York Times
The new negative interest rate, minus 0.1 percent, will take effect on Feb. 16. It will only be assessed on balances that commercial banks deposit at the central bank that exceed regulatory minimums. The Japanese central bank will continue paying its …

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Zennie Abraham

Zennie Abraham | Zennie Abraham or “Zennie62” is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.

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