BoJ board members fear negative rates are damaging
Negative rates could be affecting confidence, communication and market turbulence
Bank of Japan (BoJ) policy board members expressed concern over the possible damage being done by negative rates at the central bank's latest monetary policy meeting.
Minutes from the March 14–15 meeting, published today (May 9), said some members warned the BoJ's –0.1% interest rate applied to some bank deposits was causing "anxiety" among financial institutions and depositors.
This, they felt, was making it harder to understand the central bank's conduct, creating turbulence in markets and
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