BOJ to debate some exemptions from negative rates

|By:, SA News Editor

The Bank of Japan's policy board is set to discuss this week whether to exempt $90B in short-term funds from its newly imposed negative interest rate, after the securities industry warned that investment money would be driven into bank deposits.

The debate highlights the difficulties facing the BOJ after its Jan. 29 decision to push a key policy rate below zero for the first time by imposing a 0.1% charge on some excess reserves parked with the central bank.

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