Report
TOE Alert -- Banks, FSA Push Back Against Negative Rates
posted by Richard Katz on August 22, 2016

Report Cover
Headline
The yen is returning to the pattern we have seen since 2001, with the temporary exception of the first couple years of Kurodanomics. The ups and downs of yen/$ rate tends to mirror the gap between the 10-year US Treasury Bond and the 10-year JGB
Abstract
The Bank of Japan’s (BOJ) failed negative interest rate policy (NIRP) is provoking increased opposition among the big banks and the Financial Services Agency (FSA), the ministry which protects them