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Japan's long-term rate dips below zero

TOKYO -- Japan's long-term rate fell into negative territory on Tuesday for the first time ever. The yield on the 10-year Japanese government bond hit minus 0.010 in afternoon trading.

     The Bank of Japan decided on Jan. 29 to apply an interest rate of minus 0.1% to a portion of funds deposited with the central bank; the rate is to take effect Feb. 16 or later.

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