BOJ Move Backfires as 0.001% Deposits Lure Cash of Fund Managers

  • As deposits surge 5.9%, 11 money-market funds stop taking cash
  • Investment to savings exact opposite of Abenomics goal: Monex

The Bank of Japan building in Tokyo.

Photographer: Franck Robichon/EPA

It’s a strange world when bank accounts earning almost no interest are one of the most attractive investments around.

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