http://www.cnbc.com/2016/01/28/bank-of-japan-adopts-negative-interest-rate-policy-reuters.html
What does this mean?
I have a bunch of friends with Japanese wives. Do their families back in Japan need to put their money in the mattress?
>>1066652
Japan has been experiencing the slowest seppuku ever. Zero hedge also wrote about this possibility, fwiw
The negative rate is on excess reserves held at the central bank. This is an attempt to increase the opportunity cost of holding excess reserves so as to discourage financial institutions from doing so.