‘Impossible’ for Japan Banks to Charge Depositors, Minister Says

  • Ishiba says it’s ‘scare-mongering’ to stoke such worries
  • Security policy should be election topic with economy, he says

Shigeru Ishiba.

Photographer: Akio Kon/Bloomberg

Negative interest rates won’t be allowed to affect ordinary depositors, a Japanese cabinet minister said in the run-up to a July election in which the opposition has sought to make the nation’s monetary policy an issue.

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