Japanese banks boost interest on deposits to a MASSIVE 0.05%!
Japanese banks boost interest on my deposits to a regular savings account to a MASSIVE 0.05%! WO0T!
Japan’s stingy banks hike returns on some deposits
TOKYO (Reuters) — Japan’s major banks surprised customers and stock analysts this week by raising the returns they pay on some deposits… payouts on one-year deposits at a still-meagre 0.05-0.06 percent and 10-year deposit rates at about 0.35 percent.…more…
I suppose this rate hike signals a bottom for the “Lost Decade” of Japan that has oddly lasted the past 15 years. If the Japanese interest rate increase works, happy dayz are here again and we can all be Bubble Pimp-daddies again. Read more here on the Japanese asset price bubble.
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