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  • fuckedgaijin ‹ General ‹ F*cked News

Japan rates mo' less than zero

Odd news from Japan and all things Japanese around the world.
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Japan rates mo' less than zero

Postby Taro Toporific » Thu Jun 26, 2003 12:23 pm

Image A key Japan rate falls below zero
Bloomberg News Wednesday, June 25, 2003
TOKYO Japan's average rate for overnight loans among commercial banks and other financial institutions fell below zero Wednesday for the first time...
...."It wouldn't be strange for the rate to get even lower," said Izuru Kato, chief economist at Totan Research Co. "With the Bank of Japan providing plenty of money to the banking system it's not unusual for this to happen."
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