FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mizuho Charged Negative Rates on BoJ Deposits For First Time in 7 Months

BOJ
  • Reuters reports Mizuho Bank was charged negative interest rates on some of its deposits at the BoJ in mid-July through August, a spokesperson said, as the main banking unit of Mizuho piled up reserves.
  • It is the first time in seven months that negative rates were charged on reserves held by any of Japan's megabanks* Spokesperson for Mizuho said the bank held 902.8 billion yen in BOJ reserves with negative rates.
  • Japan's megabanks have mostly avoided paying the interest by shifting money out of BOJ reserves. But Mizuho increased deposits this time as it shifted funds away from short-term Japanese government bonds due to their plunging yields, the spokesperson said.
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange BulletsBank of Japan (BOJ) Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.