Friday, 10 June 2016

"Angry banks complicate BOJ’s ability to deepen negative rates"

Following up on yesterday's "Deutsche Bank On the European Central Bank: We Are Governed By Idiots".
From Reuters via Asia Times:

The Bank of Japan may have run into an unexpected obstacle as it
considers expanding its extraordinary stimulus programme as soon as next
week — the wrath of the country’s powerful but typically compliant
banks over pushing interest rates deeper into negative

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