Tokyo
STRAP in for more volatility in markets as the global economy slows and central banks dabble in the dangerous world of negative interest rates, says US$1.4 trillion money manager Capital Group Cos.
Turbulence will probably persist as rates below zero and deflation pose a "real threat" in Japan and Europe, Capital Group wrote in a note to clients this week.
The risk of a US recession has increased, they say - which means the Federal Reserve probably won't increase borrowing costs in 2016.
Investors...
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