Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (35365)	6/25/2003 11:28:30 AM
From: TobagoJack	Read Replies (4) of 74559

Hi DJ, weirdness when travelling close to the speed of light ... business-times.asia1.com.sg June 25, 2003 Japan's key overnight money rate falls below zero for the first time TOKYO - Borrowing money in Japan took on a new dimension on Wednesday when the nation's overnight lending rate fell below zero for the first time in history, the Bank of Japan said. The minus 0.001 per cent money rate - which means lenders pay interest to borrowers - came because Japanese authorities have eased monetary policy in an effort to support the ailing economy and steady stock and currency markets. 'The overnight money rate averaged at minus 0.001 per cent today, down from 0.002 per cent,' a central bank official said. 'It was the first time the overnight rate has fallen below zero in our history.'

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