What you need to know about the Bank of Japan and negative interest rates

The Bank of Japan brought the thunder Friday, shocking investors and economists after it pushed a key interest rate into negative territory in its latest attempt to reinflate the country’s economy. Here’s what you need to know about negative rates and the Bank of Japan: The rate cut The Bank of Japan announced it had cut the rate on excess reserves to minus 0.1%, meaning institutions will have to pay the central bank for the privilege of parking reserves that exceed those required by regulators. The rate ,.....