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Negative interest rates – Comatose???

China has been cutting its interest rates many times since last 2 years to try to prop up its economy.
Japan has been holding its interest rate at close to ZERO for years but comatose for decades.
Yesterday i read Japan, a major economy, has decided to charge the banks interest for keeping monies. Abenomics’ of printing monies have been tried and still comatose.
Imagine POSB could one day ask you to pay the bank for saving money in the saving accounts.
Implication – could be good for us if some of the monies “force” out from the Japanese banks would arrive in Singapore.
Is the economy really that bad???

2016-01-30 10.01.55

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