Hi TM, Unbelievable, incredible, and we agreed that we lack imagination for what is coming at us. One way or another, Japan will be a different place, better or worse, getting folks to spend because their savings are earning, or getting people to spend because money is costing less than free, in accordance with tradition vs New Ec, between this ...
cbs.marketwatch.com
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TOKYO (CBS.MW) -- Next Monday, Citibank Japan will offer customers a new product that both reaffirms its reputation as an innovator in consumer banking and reflects the woeful shape of the Japanese economy.
The product is a 6-month "ultra" time deposit for savers here who have at least 1 million yen ($8,350) to put away
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Message 16274792
... and this ...
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Tokyo exchange to get ready for negative rates
By Hideyuki Sano
TOKYO, Aug 29 (Reuters) - One of Japan's financial exchanges has said it will make its system capable of trades in negative interest rates, one of the more bizarre developments from the Bank of Japan's unusual experiment with free money.
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One way points to redemption, absolution, faith in wisdom, and another way points to despair, abyss and gold.
Chugs, Jay |
