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Customers at the Japanese banking corporation ATM machines of MUFG and Mizuho banks seen in Tokyo.
Customers at the Japanese banking corporation ATM machines of MUFG and Mizuho banks seen in Tokyo.

Budrul Chukrut/SOPA Images/LightRocket/Getty Images

  • Three major Japanese banks have hiked interest rates in recent weeks to 0.2% from 0.002%.
  • Japan's central bank has adopted a negative interest rate policy since 2016.
  • But the market is expecting the BOJ to exit its negative-rate policy next spring.

Major banks in Japan have started raising interest rates on time deposits for savers — to the tune of 0.2%, Bloomberg reported on Thursday.

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economy, Markets, News, Japan, economy, Bank, interest-rates, Markets, News
Source
Think your bank's interest rates are bad? Just take a look at Japan