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Negative rates send investors through the looking glass

Bank of Japan Gov. Haruhiko Kuroda speaks at a press conference at the bank's headquarters in Tokyo,Japan,Jan. 29.(Reuters)

TOKYO -- Ever since the Bank of Japan made its historic decision to send interest rates below zero, there has been a certain "through the looking glass" feel to the markets, where the typical rules seem to have been tipped upside down.

     The rate decision, made during the central bank's policy-setting meeting on Jan. 29, was aimed at breathing new life into the moribund economy. But the market response has hardly been auspicious, with the Nikkei Stock Average plunging.

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