world news - Bank of Japan’s new currency salvo could backfire

올해 초, 일본은행이 마이너스 금리 도입을 결정하며 일본뿐만 아니라 주변국들마저 긴장하게 하고 있죠. 벌써부터 일본 내 여러 기업이 예금 금리를 내리고 대형 자산 운용사들이 MMF 판매 중단을 선언하는 등 일본 경제가 요동치고 있는데요. 기사를 함께 읽으며 더 알아보도록 합시다. Bank of Japan’s new currency salvo could backfire The Bank of Japan has not lost its capacity to shock. For the third time in less than three years, the central bank has taken / left investors by surprise with an aggressive move to loosen monetary policy. The latest salvo involves cutting interest rates below / under zero. That weakens the yen and opens a new front in Japan’s battle against deflation. It could also backfire. It’s little more than a week since BOJ Governor Haruhiko Kuroda told Japan’s parliament he was not thinking of cutting / adopting negative interest rates. Yet any damage to his trustworthiness was overwhelmed by the market reaction. The yen weakened more than 1.5 percent against the U.S. dollar. Japan’s main equity indexes jumped almost 3 percent. The yield on 10-year government bonds halved to 0.11 percent.