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Finance

Bank of Japan's 'deeper' negative rates would hit consumers

Banks expected to charge deposit fees to manage accounts

Bank of Japan Gov. Haruhiko Kuroda told Nikkei that cutting interest rates is "always an option" for dealing with a downturn. (Photo by Wataru Ito)

TOKYO -- The Bank of Japan has signaled that it could send rates deeper into negative territory, a move that threatens to trickle down to businesses and consumers if struggling banks respond by imposing their own "negative rates" through account fees.

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