Japanese pension fund shouldering costs of BOJ’s negative rate

TOKYO — Japan’s Government Pension Investment Fund has decided to pay the interest on deposits mandated by the Bank of Japan’s negative rate policy, taking the weight off an overextended intermediary bank. As the world’s biggest pension fund, the GPIF …
( read original story …)


Related Post

Comfort women: Osaka cuts ties with sister city Sa...
views 177
The mayor of Osaka has said he plans to cut a six-...
Tokyo jeweler offers gold Darth Vader masks for $1...
views 225
TOKYO (AP) — Star Wars fans with deep pockets migh...
Tempers fray as search for Mexico earthquake survi...
views 156
Tempers frayed in Mexico City on Friday as the sea...
Japan says a security summit in Manila got ‘...
views 250
Japan's new head of the National Public Safety Com...
The Latest: Japan’s World Cup team sends boy...
views 60
"I would like to pray with everyone here so that t...
26 Japanese banks register for Exchange-run blockc...
views 291
At the end of November 2016, Tokyo Stock Exchange,...
Latest Fukushima quake puts Japan's preparati...
views 226
TOKYO -- Thanks to robust disaster preparation, no...
Light earthquake, 4.2 mag strikes near Iwo Jima in...
views 39
A light earthquake with magnitude 4.2 (ml/mb) was ...
Why Saudis Are Pinning Their Future on Giant Oil I...
views 189
International exchanges are clamoring for the busi...
Japan economy shrinks after two years of growth
views 65
But despite the broad-based slowdown, Minami said ...