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Negative interest rate's scope seen capped at 30tn yen

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  © Kyodo

TOKYO -- The Bank of Japan will limit the scope of its newly introduced negative interest rate to a small portion of financial institutions' current-account deposits -- between 10 trillion yen and 30 trillion yen ($84.5 billion to $253 billion), The Nikkei has learned.

     The amount will represent no more than a tenth or so of the total. The BOJ reckons that even a narrow application of its new monetary easing tool will spur banks to lend and invest.

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