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Japan's savers won't play ball as the BOJ turns negative

"There's no point in depositing money," says Kiyoshi Ishii, the worried owner of a shop selling rice crackers in Sugamo. "There's no other way than to keep money under the mattress."


THE Bank of Japan (BOJ) hopes that cutting interest rates below zero will boost spending and investment. But fear, inertia and years of paltry returns mean the nation's army of savers are unlikely to march to the central bank's tune.

After the BOJ made its move on Friday to...

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