Benchmark Japanese interbank overnight call rate falls below zero for first time
TOKYO, Feb 17 (Reuters) - Japan's overnight call rate, the benchmark lending rate between banks, fell to negative levels on Wednesday, a day after the Bank of Japan started implementing negative interest rates on banks' excess reserves.
It is the first time ever that call money has been traded at negative rates.
(Reporting by Hideyuki Sano; Editing by Sam Holmes)
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