Manga Worker Stuffs Cash in Futon to Flee Japan’s Negative Rates
- ‘I can’t picture that the economy is getting any better’
- Dai-ichi Life estimates such money at about 40 trillion yen
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When the Bank of Japan unexpectedly announced negative interest-rate policies in January, the first thing Tomomi Sato did was withdraw a 10th of the money in her bank account and stash it at home.
“It made me think of bank runs and shutdowns like I’ve heard there were in the past,” said the 30-something assistant to manga comic artists, who commutes for two hours from a small apartment in Tokyo’s suburbs. “Eventually, I feel like they’ll start charging me to keep my money there. When I think about that, I begin to worry.”