Japan Got Paid $464 Million to Borrow Thanks to Negative Yields

  • BOJ's stimulus drives five-year yield below zero at auction
  • Ministry of Finance first enjoyed negative yields in Oct. 2014

Pedestrians walk past the Bank of Japan headquarters in Tokyo.

Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s government has been paid at least 52 billion yen ($464 million) to borrow money since the yield on its debt first fell below zero at auction in October 2014.

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