Gulp! Japan has just adopted a negative interest rate for the first time ever
January 29, 2016
Japan have adopted a negative interest rate.
The central bank voted to reduce the benchmark borrowing rate to -0.1%, in a fresh attempt to raise inflation.
As expected, the bank kept its quantitative easing target at 80 trillion yen ($677 billion) per year.
Meanwhile, following the interest rate hike in the US, growth seems to have already slowed sharply. Gulp!
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