by mk

The Bank of Japan on Friday shocked financial markets by adopting negative interest rates to forestall risks that global market volatility could damage business confidence and revive a deflationary mindset.

Hm. If they want to boost confidence, maybe they shouldn't call them negative rates. It just sounds bad. Maybe widdershins rates? I have a very hard time believing that -0.01 is going to have an effect upon the deflationary mindset.

The Nikkei almost got really excited.