Photographer: Kiyoshi Ota/Bloomberg

BOJ Roils $14.1 Billion Money Market Industry as Nomura Suspends

Updated on
  • Daiwa, Mitsubishi UFJ among providers with similar plans
  • Central bank has set rate on some deposits at minus 0.1%

Nomura Asset Management Co. stopped accepting investments into some money-market funds, joining 10 other managers in suspending such accounts as the $14.1 billion industry grapples with the negative interest rates introduced by the Bank of Japan last week.

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