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  • fuckedgaijin ‹ General ‹ F*cked News

J-Government PAYS YOU to borrow money

Odd news from Japan and all things Japanese around the world.
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J-Government PAYS YOU to borrow money

Postby Taro Toporific » Sat Jan 25, 2003 1:19 am

OK, ok, "you" have to be a bank, but still it is a negative interest rate, first in history.
Japan interest rates fall below zero :!:
BANK-TO-BANK interest rates in Japan went below zero for the first time today. The Bank of Japan flooded money markets with cash to try to stimulate the ailing economy. Overnight call rates went to minus 0.01% .... action to stem the deflation which is dogging growth.
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UPDATE: J-Government PAYS YOU to borrow money

Postby Taro Toporific » Wed Feb 05, 2003 4:00 pm

Taro Toporific wrote: negative interest rate, first in history.Japan interest rates fall below zero :!:


[quote]Where Banks Pay Borrowers to Borrow Money
NEW YORK TIMES
TOKYO, Feb. 4
...."It's counterintuitive to pay someone to hold your money for you," said Michael Wilkins, a market strategist at Socite]
_________
FUCK THE 2020 OLYMPICS!
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Postby Blah Pete » Wed Feb 05, 2003 9:53 pm

Take our money, please.
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