Conclave to Elect Pope Starts on Tuesday

March 8 (Bloomberg) -- Julie Hyman reports on todays top news headlines on Bloomberg Television’s "Bottom Line." (Source: Bloomberg)

Negative Rates Have Had Limited Impact, Says Parker
15:35 - Welcome to Japan, where a central bank plan to pump $26 billion a year more into stocks and continue buying 30 times that in debt sees equities sag and bonds plunge. The Topix index slid as much as 1.4 percent in Tokyo after the Bank of Japan boosted its annual exchange-traded fund budget to 6 trillion yen ($58 billion), from 3.3 trillion yen. Japanese government bonds headed for their steepest slump since 2013, as policy makers retained a plan to expand the monetary base by an annual 80 trillion yen. Speculation among investors and analysts that Friday’s policy announcement might even see the adoption of so-called helicopter money, as well as a cut to the negative deposit rate, resulted in a lukewarm reception for the expanded stimulus program. Credit Suisse Senior Advisor Bob Parker discusses with Bloomberg's Anna Edwards on "Countdown."
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