Japan's Biggest Gold Retailer Says Negative Rates Boost Demand
- BOJ's move to stimulate bank lending burnishes gold's allure
- New policy leads to misconceptions among bullion buyers
Investors Moving Back to Gold Amid Global Economic Risks
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Japan’s negative interest rates are boosting demand for gold, according to the nation’s biggest bullion retailer.
International prices have rallied 18 percent this year as investors seek a haven from financial market turmoil. For individual investors, the Bank of Japan’s surprise move in January is adding to gold’s allure, according to Takahiro Ito, chief manager at Tanaka Kikinzoku Kogyo K.K.’s store in Tokyo’s Ginza shopping district. That’s helped lift retail prices to their highest since July.