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17 November 2017 23:25 (South Africa)

Japan's central bank cuts interest rate to zero, almost

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

On Tuesday the Japanese Central Bank cut its call rate target to zero to 0.1%. Previously the rate had been set at 0.1%. The decision was unanimous, and reflects the country's continuing economic woes - not helped by a strong yen and deflation. The bank also announced that it is considering setting up a ¥5 trillion fund that will be used to buy government securities and bonds to inject some life into the faltering economy. Read more: AP, via New York Times

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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