The Fantasy World of Central Bank Interest Rates Has Set the Stage for the Second Wave of the Global Financial Crisis (Valentin Katasonov, Strategic Culture Foundation)

Starting from February, deposits made with the Bank of Japan began to accrue negative interest. The interest rate at the Central Bank of Japan now stands at minus 0.1%. This is no longer seen as shocking. The central banks in developed countries began backing into the negative zone for passive operations several years ago.

http://www.strategic-culture.org/news/2016/02/10/fantasy-world-central-bank-interest-rates-has-set-stage-second-wave-global-crisis.html