On 29 January 2016, the Bank of Japan (BoJ) announced its monetary policy for the new year: quantitative and qualitative monetary easing with a negative interest rate. The policy came as a surprise to money markets. The Nikkei index went up by over 800 points in two days and the yen depreciated sharply against the US dollar
http://www.eastasiaforum.org/2016/05/13/bank-of-japan-joins-the-sub-zero-club/
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