theguardian.com The Bank of Japan has pushed a short-term interest rate below zero in a dramatic step in its unprecedented efforts to stoke inflation. The BOJ bought three-month bills for more than their redemption value this week, according to traders, essentially paying to lend money to the market. The central bank's first purchase at a yield less than zero underscores its determination to pay any price to help reflate Japan's ailing economy. to read more: theguardian.com
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