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Dec 19 4:00 PM EST

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To: Les H who wrote (5089)	1/24/2003 10:16:52 AM
From: Les H	Read Replies (1) of 29604

Japan interest rates fall below zero 24 January 2003 BANK-TO-BANK interest rates in Japan went below zero for the first time today. The Bank of Japan flooded money markets with cash to try to stimulate the ailing economy. Overnight call rates went to minus 0.01% as the Government told the Bank to take action to stem the deflation which is dogging growth. thisislondon.com

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